IMF willing to redouble Lebanon efforts, subject to reform commitment

FILE PHOTO: IMF Managing Director Kristalina Georgieva speaks during a news conference in Rabat, Morocco, February 20, 2020. REUTERS/Youssef Boudlal/File Photo

WASHINGTON (Reuters) - The International Monetary Fund said on Sunday it was willing to redouble efforts to help Lebanon after the devastating blast that hit Beirut, but said all of the country's institutions needed to show willingness to carry out reforms.

In a statement to an emergency donor conference for Lebanon, the IMF's managing director, Kristalina Georgieva, laid out reforms expected, including steps to restore the solvency of public finances and the soundness of the financial system, and temporary safeguards to avoid continued capital outflows.