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.



Lebanon to Increase Army Personnel Ahead of Possible Deployment South of Litani

Prime Minister Najib Mikati chairing the cabinet meeting (Photo: The Prime Minister’s office)
Prime Minister Najib Mikati chairing the cabinet meeting (Photo: The Prime Minister’s office)
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Lebanon to Increase Army Personnel Ahead of Possible Deployment South of Litani

Prime Minister Najib Mikati chairing the cabinet meeting (Photo: The Prime Minister’s office)
Prime Minister Najib Mikati chairing the cabinet meeting (Photo: The Prime Minister’s office)

The Lebanese government has approved funding to recruit 1,500 new military personnel in the Lebanese Army as part of an initiative to increase military presence along the southern border, amid Israel’s ongoing hostilities.
The funds will be provided to the Ministry of Defense as an advance, a decision highlighted by the Minister of Information for its political and international significance, particularly in relation to implementing United Nations Security Council Resolution 1701.
Prime Minister Najib Mikati in the caretaker government emphasized that continued and escalating Israeli attacks on Lebanon amount to crimes against humanity. He stated that a primary pathway to a resolution involves halting hostilities against the country, fully implementing Resolution 1701, and electing a new president to restore institutional order, stability, and initiate reconstruction.

Mikati condemned what he described as an international failure to stop Israel’s actions against Lebanon, which include attacks on towns and villages, civilian deaths, and strikes against medical and relief personnel.
“We condemn and hold the international community responsible for the continuation of Israel’s genocidal war on Lebanon, its destruction of towns and villages, killing of civilians, assassination of army personnel, and targeting of medical teams, civil defense, relief teams, and journalists.
“Additionally, the attacks on UNIFIL, which represents international legitimacy, make targeting UNIFIL an assault on the international community and the Security Council. This destruction continues to affect hospitals, schools, and educational centers,” stated Mikati.
On the international front, Mikati highlighted the solidarity shown by world figures, referring to his discussions with leaders like Jordan’s King Abdullah, France’s President Emmanuel Macron, and Britain’s Prime Minister. This was further demonstrated during the Paris Conference in Support of Lebanon -late on October- he underlined, specifically thanking France for its humanitarian efforts and military support.
But he added: “But unfortunately, Israel is blatantly disregarding all international efforts to achieve a ceasefire.”
The prime minister reiterated Lebanon’s stance on safeguarding its dignity and sovereignty across air, sea, and land, pledging to confront any Israeli violations.
Following the cabinet meeting, Minister of Information Ziad Makari assured that funds to recruit 1,500 additional soldiers are available and that the government encountered no issues regarding this allocation.
Nasser Yassin, the government’s Emergency Committee coordinator, announced that the cabinet approved fuel allocations for 541 shelters in mountainous regions over 300 meters in altitude to ensure winter heating. Yassin also detailed efforts concerning the people displaced as the result of the Israeli hostilities in Lebanon.
He highlighted that there are 44,000 families in 1,138 shelters and an additional 147,000 families housed within communities.