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The government will negotiate a fresh program with the International Monetary Fund (IMF) as part of efforts to tackle the country’s prolonged financial crisis, according to a policy statement approved by the cabinet late Monday. The government pledged to address the financial default and mounting public debt while pursuing an economic revival—an effort that, it stated, hinges on restructuring the struggling banking sector.
A draft funding agreement was reached with the IMF in 2022, but it remained unimplemented due to the authorities’ fa...more |
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PRESS COVERAGE |
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Other local and international press coverage
on business and economic stories on Lebanon
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