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.



G7 Leaders Endorse Israel-Hezbollah Ceasefire and Insist Israel Follow International Law

 From left, Ukrainian Foreign Minister Andrii Sybiha, US Secretary of State Antony Blinken, French Foreign Minister Jean-Noël Barrot, Canada's Foreign Minister Melanie Joly, Italian Foreign Minister Antonio Tajani, Japanese Foreign Minister Takeshi Iwaya, German Foreign Minister Annalena Baerbock, Britain's Foreign Office Political Director Christian Turner, and European Union foreign policy chief Josep Borrell pose for a family photo at the G7 of foreign Ministers in Fiuggi, some 70 kilometers south-east of Rome, Tuesday, Nov. 26, 2024. (AP)
From left, Ukrainian Foreign Minister Andrii Sybiha, US Secretary of State Antony Blinken, French Foreign Minister Jean-Noël Barrot, Canada's Foreign Minister Melanie Joly, Italian Foreign Minister Antonio Tajani, Japanese Foreign Minister Takeshi Iwaya, German Foreign Minister Annalena Baerbock, Britain's Foreign Office Political Director Christian Turner, and European Union foreign policy chief Josep Borrell pose for a family photo at the G7 of foreign Ministers in Fiuggi, some 70 kilometers south-east of Rome, Tuesday, Nov. 26, 2024. (AP)
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G7 Leaders Endorse Israel-Hezbollah Ceasefire and Insist Israel Follow International Law

 From left, Ukrainian Foreign Minister Andrii Sybiha, US Secretary of State Antony Blinken, French Foreign Minister Jean-Noël Barrot, Canada's Foreign Minister Melanie Joly, Italian Foreign Minister Antonio Tajani, Japanese Foreign Minister Takeshi Iwaya, German Foreign Minister Annalena Baerbock, Britain's Foreign Office Political Director Christian Turner, and European Union foreign policy chief Josep Borrell pose for a family photo at the G7 of foreign Ministers in Fiuggi, some 70 kilometers south-east of Rome, Tuesday, Nov. 26, 2024. (AP)
From left, Ukrainian Foreign Minister Andrii Sybiha, US Secretary of State Antony Blinken, French Foreign Minister Jean-Noël Barrot, Canada's Foreign Minister Melanie Joly, Italian Foreign Minister Antonio Tajani, Japanese Foreign Minister Takeshi Iwaya, German Foreign Minister Annalena Baerbock, Britain's Foreign Office Political Director Christian Turner, and European Union foreign policy chief Josep Borrell pose for a family photo at the G7 of foreign Ministers in Fiuggi, some 70 kilometers south-east of Rome, Tuesday, Nov. 26, 2024. (AP)

Foreign ministers from the world’s industrialized countries said Tuesday they strongly supported an immediate ceasefire between Israel and Hezbollah and insisted that Israel comply with international law in its ongoing military operations in the region.

At the end of their two-day summit, the ministers didn’t refer directly to the International Criminal Court and its recent arrest warrants for Israeli Prime Minister Benjamin Netanyahu and his former defense minister over crimes against humanity.

Italy had put the ICC warrants on the official meeting agenda, even though the G7 was split on the issue. The US, Israel’s closest ally, isn’t a signatory to the court and has called the warrants “outrageous.”

However, the EU’s chief diplomat Josep Borrell said all the other G7 countries were signatories and therefore obliged to respect the warrants.

In the end, the final statement adopted by the ministers said Israel, in exercising its right to defend itself, “must fully comply with its obligations under international law in all circumstances, including international humanitarian law.”

And it said all G7 members — Canada, France, Germany, Italy, Japan, the United Kingdom and the United States – “reiterate our commitment to international humanitarian law and will comply with our respective obligations.” It stressed that “there can be no equivalence between the terrorist group Hamas and the State of Israel.”

The ICC warrants say there's reason to believe Netanyahu used “starvation as a method of warfare” by restricting humanitarian aid and intentionally targeted civilians in Israel’s campaign against Hamas in Gaza — charges Israeli officials deny.