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.



Trump Victory Fuels Fears of Netanyahu’s Increased Freedom in Lebanon

Smoke rises from Beirut’s southern suburbs following Israeli attacks. (AFP)
Smoke rises from Beirut’s southern suburbs following Israeli attacks. (AFP)
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Trump Victory Fuels Fears of Netanyahu’s Increased Freedom in Lebanon

Smoke rises from Beirut’s southern suburbs following Israeli attacks. (AFP)
Smoke rises from Beirut’s southern suburbs following Israeli attacks. (AFP)

Lebanese are watching closely after Donald Trump’s election as US president, hoping his policies might bring solutions to regional crises and possibly halt wars in Ukraine and the Middle East.

Observers caution, however, that change won’t be immediate or at Israel’s expense; instead, they expect Israel could have more military leeway before peace efforts begin.

Trump didn’t outline his plans to end conflicts during his victory speech, only briefly mentioning the issue.

Fares Soeid, a former Lebanese MP, called Trump’s win a potential global turning point, particularly in conflict zones like Ukraine and the Middle East. Soeid believes Trump’s support for Israeli Prime Minister Benjamin Netanyahu and Israel’s far-right may intensify.

Soeid told Asharq Al-Awsat that Trump’s election could hasten military actions on the Lebanese-Israeli border, allowing Netanyahu more freedom to secure military objectives and strengthen Israel’s negotiating position.

He suggested key UN resolutions intended to control arms in Lebanon may lose focus, with the goal shifting to place all weapons under state control.

There is concern in Lebanon over any change to Resolution 1701, which maintains the ceasefire with Israel.

Soeid clarified that Trump might not scrap these resolutions outright but could push for tighter arms restrictions, ensuring only Lebanon’s government holds power over weapons.

He believes the US may aim to create a cohesive Lebanese leadership to enforce these measures, essentially enabling Netanyahu more flexibility in regional matters.

The US election drew intense interest in Lebanon, with citizens and officials closely tracking the campaigns and vote results, hoping for a positive shift.

Lebanese politician Khaldoun Sharif noted that Trump reached out to Lebanese Americans during his campaign, promising to bring peace to Lebanon quickly.

He sees Trump’s advisor, Lebanese-born Massad Boulos, as potentially instrumental in highlighting Lebanon’s needs to the new administration.

Sharif criticized the outgoing Democratic administration’s handling of conflicts in Gaza and Lebanon, saying it failed to curb Netanyahu’s plans despite multiple ceasefire proposals.

As Trump prepares to take office on January 20, Sharif emphasized that Lebanon is eager for a complete ceasefire, adherence to Resolution 1701, a consensus-backed president, and a transparent, reform-oriented government to rebuild trust with Arab nations and the international community.

Sharif voiced disappointment that past US administrations have often overlooked Lebanon’s significance.

Now, amid a severe conflict, he hopes Trump will act swiftly to end the violence, support reconstruction, and restore Lebanon’s standing on the regional stage.