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BEIRUT, April 11 — The IMF announced Thursday a conditional agreement to provide Lebanon with US$3 billion (RM12.6 billion) in aid to help it emerge from a severe economic crisis, following months of negotiations. The country has been battered by triple-digit inflation, soaring poverty rates and...
Agreement puts country 'back on the global finance map' - Click the link for more details.
WASHINGTON — The International Monetary Fund (IMF) announced on Thursday that after months of negotiations it reached a staff-level agreement to provide Lebanon with $3 billion in aid to help it emerge from a severe economic crisis.The country has been battered by triple digit inflation, soaring poverty rates, and the collapse of its currency since a 2020 debt default, and
The IMF announced Thursday that after months of negotiations it reached a staff-level agreement to provide Lebanon with $3 billion in aid to help it emerge from a severe economic crisis.
The IMF announced Thursday a conditional agreement to provide Lebanon with $3 billion in aid to help it emerge from a severe economic crisis, following months of negotiations.The country has been battered by triple-digit inflation, soaring poverty rates and the collapse of its currency since a 2020 debt default.Officials in Beirut applauded the announcement as it will open the door to additional financial support from foreign donors.