IMF Will Only Support a 'Comprehensive Program' for Lebanon, Says Georgieva

An anti-government demonstrator holds a Lebanese flag as she stands on top of her car, during a countrywide lockdown to combat coronavirus, in Beirut, Lebanon April 21, 2020. (Reuters)
An anti-government demonstrator holds a Lebanese flag as she stands on top of her car, during a countrywide lockdown to combat coronavirus, in Beirut, Lebanon April 21, 2020. (Reuters)
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IMF Will Only Support a 'Comprehensive Program' for Lebanon, Says Georgieva

An anti-government demonstrator holds a Lebanese flag as she stands on top of her car, during a countrywide lockdown to combat coronavirus, in Beirut, Lebanon April 21, 2020. (Reuters)
An anti-government demonstrator holds a Lebanese flag as she stands on top of her car, during a countrywide lockdown to combat coronavirus, in Beirut, Lebanon April 21, 2020. (Reuters)

IMF Managing Director Kristalina Georgieva said on Thursday the fund would only support a "comprehensive program" for Lebanon that would tackle all the country's ills, including corruption.

"Our team is working very closely with their Lebanese counterparts," Georgieva told reporters. "We are stressing that it has to be a comprehensive program."

Lebanese officials began talks with the IMF last month to pull the Middle Eastern country out of the worst economic crisis in its history, reported AFP.

Georgieva called Lebanon's circumstances "very, very dire," and said "it has been so for a long time, and short of a strong government commitment to change the course of the country, the suffering of the Lebanese people would continue."

She said the Washington-based crisis lender was negotiating over a budget proposal that would address Lebanon's banking sector and "reforms that the country needs including more transparency for what the government does."

Lebanon defaulted on its sovereign debt in 2020, a first in its history.

Its currency has lost about 90 percent of its value on the black market and four out of five Lebanese now live below the poverty line, according to the United Nations, a situation made worse by triple-digit inflation.

Despite the economic collapse, the country's ruling class has blocked reforms that foreign donors say must happen before aid is dispensed.



Israeli ‘Aggression’ Targets Syria’s Homs Countryside, State News Agency Says

 A man rides a motorbike past damaged buildings in Homs, Syria November 7, 2024. (Reuters)
A man rides a motorbike past damaged buildings in Homs, Syria November 7, 2024. (Reuters)
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Israeli ‘Aggression’ Targets Syria’s Homs Countryside, State News Agency Says

 A man rides a motorbike past damaged buildings in Homs, Syria November 7, 2024. (Reuters)
A man rides a motorbike past damaged buildings in Homs, Syria November 7, 2024. (Reuters)

Initial reports indicate that an Israeli "aggression" targeted two villages in northern and western areas of Syria's Homs province, the Syrian state news agency said on Tuesday.

Earlier, Syrian state television said blasts had been heard in the vicinity of Homs city and that the cause was under investigation.

Israel has been carrying out strikes against Iran-linked targets in Syria for years but has ramped up such raids since the Oct. 7, 2023, assault on southern Israel by Hamas-led fighters.