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Tuesday, 9 November 2021

Lebanon could secure IMF support by the end of the month

Lebanon could secure IMF support by the end of the month: Lebanon’s Prime Minister Najib Mikati said that the country has handed over its unified financial figures to the IMF, and that the revised financial recovery plan should be complete by the end of November, reports Reuters. Talks to secure IMF support were broken off last year over a disagreement pertaining to the scale of losses in the country’s financial sector after its collapse in late 2019. The IMF program could be Lebanon’s only shot at securing international aid and beginning to recover from a devastating economic crisis, economists say.

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