IMF says Lebanon requests technical help on economy, debt


  • World
  • Thursday, 13 Feb 2020

FILE PHOTO: The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., as IMF Managing Director Christine Lagarde meets with Argentine Treasury Minister Nicolas Dujovne September 4, 2018. REUTERS/Yuri Gripas

BEIRUT (Reuters) - Lebanon on Wednesday formally requested the International Monetary Fund's technical help in shoring up its economy, a move that a senior government source said would include the fund's aid in drafting a plan to avert financial collapse.

As Lebanon's government grapples with an economic crisis that has fuelled increasingly violent protests, the heavily indebted country must urgently decide on how to deal with fast-approaching debt payments, including a $1.2 billion (£925.28 million) Eurobond due on March 9.

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