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’s Return: Jubilation in Tel Aviv, Worries in Ramallah

A Palestinian in Bureij Camp asks Trump to end war on Gaza (AFP)
A Palestinian in Bureij Camp asks Trump to end war on Gaza (AFP)
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Trump’s Return: Jubilation in Tel Aviv, Worries in Ramallah

A Palestinian in Bureij Camp asks Trump to end war on Gaza (AFP)
A Palestinian in Bureij Camp asks Trump to end war on Gaza (AFP)

The excitement among Israel’s ruling coalition leaders over Donald Trump’s victory in the US presidential election matches the joy of his supporters in the US.
In contrast, the rest of the world, especially the Palestinians, remains cautious and worried, waiting to see how he will act.
Their only response is hope—hope that he might end wars and shift his known “hostile” policies.
Trump sent a clear message when he declared after his win, “I will not start wars, I will end them.” Both Palestinians and Israelis took note of this, each interpreting it through their own lens.
However, both sides must wait two months for Trump to take office and even longer to see how he will approach foreign policy.
In Israel, the ruling coalition is celebrating with the expectation that Trump will offer strong military, security, and political support—not just in their conflicts with Iran, Lebanon, and Gaza, but also in their broader goals, including ending the Palestinian dream of statehood, expelling them, and annexing the West Bank, Golan Heights, and possibly parts of Lebanon.
Israeli Prime Minister Benjamin Netanyahu was almost the first leader to congratulate Trump, followed by far-right Finance Minister Bezalel Smotrich.
While Israelis eagerly await Trump’s arrival, Palestinian leaders in Ramallah are worried he won’t change his previous policies.
A research paper from a London-based monitoring center for political and strategic studies highlighted that Trump’s previous decisions harmed Palestinians, including moving the US embassy to Jerusalem, recognizing it as Israel’s capital, and cutting funding to the UN agency for Palestinian refugees (UNRWA).
These actions helped isolate the Palestinian Authority and weaken its political demands.
The paper expressed concerns that Trump might continue or intensify these policies, such as reducing international support for Palestinians or backing more settlement expansion.
For Palestinians, this could worsen political, economic, and humanitarian challenges.
Trump is also known for his strong stance against resistance factions.
After the death of Hamas leader Yehya Sinwar, Trump called it a crucial step toward regional stability.
For now, Palestinians are left waiting.
Palestinian President Mahmoud Abbas congratulated Trump, saying he looks forward to working with him for peace and security in the region.