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Lebanon: IMF Expresses Readiness to Help Country Out of Its Crisis

Lebanon: IMF Expresses Readiness to Help Country Out of Its Crisis

Tuesday, 7 December, 2021 - 12:45
Lebanese Prime Minister Najib Mikati meets with the International Monetary Fund delegation headed by Ernesto Ramirez (National News Agency)

The International Monetary Fund expressed its willingness on Tuesday to help Lebanon reach an agreement that guides it out of its worsening crises, the German news agency, dpa, reported.


Lebanon’s state-run National News Agency said this came during a meeting held Tuesday between Prime Minister Najib Mikati and an IMF delegation led by Ernesto Ramirez at the Grand Serail in Beirut.


Discussions focused on the framework of a recovery program and the basic details that it will include, namely the public finance, the banking sector and the Central Bank of Lebanon, in addition to the structural reforms and monetary policy, said the Agency.


Lebanon has been grappling with an economic and financial crisis and the prices of goods have skyrocketed. The Lebanese pound dropped against the dollar, and the cost of transportation rose significantly in the Mediterranean country.


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