US Official: Lebanon Has 'No Other Way Out' of Crisis than IMF Deal

Demonstrators carry banners during a protest organized by Depositors' Outcry, a group campaigning for angry depositors, near Lebanon's Central Bank building in Beirut, Lebanon October 5, 2022. REUTERS/Aziz Taher/File Photo
Demonstrators carry banners during a protest organized by Depositors' Outcry, a group campaigning for angry depositors, near Lebanon's Central Bank building in Beirut, Lebanon October 5, 2022. REUTERS/Aziz Taher/File Photo
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US Official: Lebanon Has 'No Other Way Out' of Crisis than IMF Deal

Demonstrators carry banners during a protest organized by Depositors' Outcry, a group campaigning for angry depositors, near Lebanon's Central Bank building in Beirut, Lebanon October 5, 2022. REUTERS/Aziz Taher/File Photo
Demonstrators carry banners during a protest organized by Depositors' Outcry, a group campaigning for angry depositors, near Lebanon's Central Bank building in Beirut, Lebanon October 5, 2022. REUTERS/Aziz Taher/File Photo

Lebanon has no alternative for economic recovery but to make progress on a deal with the International Monetary Fund, US Assistant Secretary of State for Near Eastern Affairs Barbara Leaf said in an online briefing on Thursday.

Leaf, who visited Lebanon and other countries in the region in recent weeks, said Lebanese leaders appeared to lack a "sense of urgency" to get their country out of a severe economic and political crisis.

The IMF warned last Thursday that Lebanon was in a very dangerous situation a year after it committed to reforms it has failed to implement.

IMF mission chief Ernesto Rigo told a news conference in Beirut that the authorities should accelerate the implementation of conditions set for a $3 billion bailout.

Lebanon signed a staff-level agreement with the IMF nearly one year ago but has not met the conditions to secure a full program, which is seen as crucial for its recovery from one of the world's worst financial crises.



France Declines to Comment on Algeria’s Anger over Recognition of Morocco’s Claim over Sahara

French President Emmanuel Macron and Algerian President Abdelmadjid Tebboune. (AFP file)
French President Emmanuel Macron and Algerian President Abdelmadjid Tebboune. (AFP file)
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France Declines to Comment on Algeria’s Anger over Recognition of Morocco’s Claim over Sahara

French President Emmanuel Macron and Algerian President Abdelmadjid Tebboune. (AFP file)
French President Emmanuel Macron and Algerian President Abdelmadjid Tebboune. (AFP file)

Paris declined to comment on Algeria’s “strong condemnation” of the French government’s decision to recognize Morocco’s claim over the Sahara.

The office of the French Foreign Ministry refused to respond to an AFP request for a comment on the Algeria’s stance.

It did say that further comments could impact the trip Algerian President Abdelmadjid Tebboune is set to make to France in late September or early October.

The visit has been postponed on numerous occasions over disagreements between the two countries.

France had explicitly expressed its constant and clear support for the autonomy rule proposal over the Sahara during Foreign Minister Stephane Sejourne’s visit to Morocco in February, reported AFP.

The position has helped improve ties between Rabat and Paris.

On Thursday, the Algerian Foreign Ministry expressed “great regret and strong denunciation" about the French government's decision to recognize an autonomy plan for the Western Sahara region "within Moroccan sovereignty”.

Algeria was informed of the decision by France in recent days, an Algerian foreign ministry statement added.

The ministry also said Algeria would draw all the consequences from the decision and hold the French government alone completely responsible.