IMF Chief Says More Unity Needed in Lebanon on Reforms

An anti-government protester waves a national flag in front of a concrete wall set up by Lebanese police to block a road leading to the parliament building in downtown Beirut, Lebanon. (EPA)
An anti-government protester waves a national flag in front of a concrete wall set up by Lebanese police to block a road leading to the parliament building in downtown Beirut, Lebanon. (EPA)
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IMF Chief Says More Unity Needed in Lebanon on Reforms

An anti-government protester waves a national flag in front of a concrete wall set up by Lebanese police to block a road leading to the parliament building in downtown Beirut, Lebanon. (EPA)
An anti-government protester waves a national flag in front of a concrete wall set up by Lebanese police to block a road leading to the parliament building in downtown Beirut, Lebanon. (EPA)

International Monetary Fund Managing Director Kristalina Georgieva said on Friday she does not yet have reason to see a breakthrough in negotiations with Lebanon to help resolve the country’s economic crisis.

Georgieva told a Reuters Newsmaker webcast event that IMF officials continue to work with Lebanon, but it is unclear whether the country’s leaders, stakeholders and society can unify around reforms needed to stabilize its economy and return it to a growth path.

Lebanon is battling a financial crisis regarded as the biggest threat to the country since its 1975-1990 civil war, with the Lebanese pound losing 75% of its value since October.

Hopes for a quick rescue deal with the IMF have been complicated by a dispute between the government and central bank over the scale of losses in the banking system. Concerns persist, meanwhile, over Prime Minister Hassan Diab’s commitment to reforms.

“The core of the issue is whether there can be a unity of purpose in the country that can then carry forward a set of very tough but necessary measures,” Georgieva said. “All I can say is that we are putting our best people to work with Lebanon, but we do not yet have a reason to say there is a breakthrough.”

Georgieva said Lebanon’s situation “breaks my heart” because the country has a strong entrepreneurial culture and has taken in Palestinian and Syrian refugees, helping to ease a major humanitarian crisis.



Israeli Forces Advance in Southern Gaza, Tanks Active in Rafah

This picture taken in Khan Yunis shows smoke billowing during Israeli military operations in Rafah, in the southern Gaza Strip, on July 24, 2024, amid the ongoing conflict between Israel and the Palestinian group Hamas. (Photo by Bashar TALEB / AFP)
This picture taken in Khan Yunis shows smoke billowing during Israeli military operations in Rafah, in the southern Gaza Strip, on July 24, 2024, amid the ongoing conflict between Israel and the Palestinian group Hamas. (Photo by Bashar TALEB / AFP)
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Israeli Forces Advance in Southern Gaza, Tanks Active in Rafah

This picture taken in Khan Yunis shows smoke billowing during Israeli military operations in Rafah, in the southern Gaza Strip, on July 24, 2024, amid the ongoing conflict between Israel and the Palestinian group Hamas. (Photo by Bashar TALEB / AFP)
This picture taken in Khan Yunis shows smoke billowing during Israeli military operations in Rafah, in the southern Gaza Strip, on July 24, 2024, amid the ongoing conflict between Israel and the Palestinian group Hamas. (Photo by Bashar TALEB / AFP)

Israeli forces advanced deeper into some towns on the eastern side of Khan Younis in southern Gaza on Thursday, hours after Israeli Prime Minister Benjamin Netanyahu told US lawmakers he was actively engaged in bringing hostages home.
Fighting in recent days has centered around the eastern towns of Bani Suaila, Al-Zanna, and Al-Karara, where the army said on Wednesday it had found the bodies of five Israelis who were killed in Hamas' Oct. 7 attack on Israel and held in Gaza since, Reuters said.
Hamas militants took more than 250 hostages in the early morning raid into southern Israel and killed 1,200 people, according to Israeli tallies.
Israel retaliated by vowing to eradicate Hamas in Gaza in a nine-month war that has killed more than 39,000 Palestinians, Gaza health officials say.
Several were wounded in the eastern towns during Israeli tank and aerial shelling, while an airstrike east of Khan Younis killed four people, Palestinian health officials said.
Israeli bombardment intensified in several areas in Rafah, near the border with Egypt, as tanks operated north, west and in the town center, residents and medics said. Several Palestinians were also wounded in Israeli fire earlier on Thursday.
The Israeli military said forces operating in Khan Younis killed dozens of militants and dismantled around 50 military infrastructures, while it continued activities in Rafah, killing two militants.
In a speech to the US Congress, Netanyahu said his government was actively involved in seeking the release of remaining hostages and was confident they would succeed.
DISAPPOINTING SPEECH
Hamas described the comments by Netanyahu as "pure lies" accusing him of thwarting efforts to end the war.
Netanyahu's comments also disappointed many displaced Palestinians who had hoped for a clearer signal of an imminent end to the fighting, which has laid the overcrowded enclave to waste and created a humanitarian crisis.
"It was depressing, he didn't even mention ceasefire at all, not even once," said Tamer Al-Burai, a resident of Gaza City, now displaced in Deir Al-Balah in the central Gaza Strip.
"People awaited some surprise, a ceasefire announcement by Netanyahu as a gift to (US President Joe) Biden, but they slept with much disappointment, as Netanyahu said he was determined to pursue war," Burai told Reuters via a chat app.
Deir Al-Balah, where tanks haven't yet invaded, is currently overcrowded with hundreds of thousands of Palestinians, displaced from other areas of the enclave, home to 2.3 million people.
"Netanyahu spoke in a play, he spoke to clowns," said Burai.
Diplomatic efforts by Arab mediators, backed by the United States, to conclude a ceasefire deal, seemed to be on hold, as Israel was expected to send a delegation for more talks next week.
In northern Gaza, an Israeli air strike on a house in the Sheikh Radwan suburb killed four people, medics said, while seven Palestinians arrived at a hospital in central Gaza who had been detained by Israeli forces and released in an area close to the border.