Lebanon: IMF staff reaches agreement on $3 billion deal
The four-year programme seeks to restore growth as the country is on the brink of economic collapse
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The four-year programme seeks to restore growth as the country is on the brink of economic collapse
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.
BEIRUT: The International Monetary Fund (IMF) said on Thursday it had reached a staff-level agreement with Lebanon for a four-year extended fund facility that would however only get full approval from the fund if Beirut enacts a series of reforms. An agreement with the IMF is seen as vital for Lebanon to begin exiting a crippling economic and financial meltdown that marks its
The International Monetary Fund announced on Thursday that it had reached an agreement in principle with Beirut for an aid plan of three billion dollars over four years. The Lebanese authorities "have con…
Lebanon reached a preliminary agreement with the International Monetary Fund for a $3 billion loan facility, the first sign in two years that authorities are serious about tackling the country’s worst financial crisis.