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.



Separate Israeli Drone Strikes Kill 4 People in Lebanon

Forensic experts and firefighters work around the wreckage of a vehicle at the site of an Israeli drone attack in Araya, east of Beirut, on November 7, 2024, amid the ongoing war between Israel and Hezbollah. (Photo by Fadel ITANI / AFP)
Forensic experts and firefighters work around the wreckage of a vehicle at the site of an Israeli drone attack in Araya, east of Beirut, on November 7, 2024, amid the ongoing war between Israel and Hezbollah. (Photo by Fadel ITANI / AFP)
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Separate Israeli Drone Strikes Kill 4 People in Lebanon

Forensic experts and firefighters work around the wreckage of a vehicle at the site of an Israeli drone attack in Araya, east of Beirut, on November 7, 2024, amid the ongoing war between Israel and Hezbollah. (Photo by Fadel ITANI / AFP)
Forensic experts and firefighters work around the wreckage of a vehicle at the site of an Israeli drone attack in Araya, east of Beirut, on November 7, 2024, amid the ongoing war between Israel and Hezbollah. (Photo by Fadel ITANI / AFP)

An Israeli drone strike on Thursday hit a car at an army checkpoint in the southern port city of Sidon, killing three people and wounding several others, including Lebanese soldiers and UN peacekeepers, Lebanon’s state news agency and the army said.

The Lebanese army said in a communique that three soldiers and four Malaysian peacekeepers were injured.

The National News Agency said one of the wounded was taken to the hospital while the peacekeepers were treated for minor injuries at the scene of the attack at the northern entrance of Sidon, Lebanon’s third-largest city. There was no immediate information on the identities of those who died.

The UN peacekeeping force known as UNIFIL said in a statement that a convoy bringing newly-arrived peacekeepers to south Lebanon was passing by when a drone strike took place near it. The strike lightly injured five peacekeepers, it said.
“We remind all actors of their obligation to avoid actions putting peacekeepers or civilians in danger. Differences should be resolved at the negotiating table, not through violence,” the statement said.

A drone strike earlier Thursday hit a car on a main highway just outside Beirut, killing one woman, according to local media.

The attack took place near Araya, where several similar drone strikes have taken place in the past week.