IMF: Lebanon in 'very dangerous situation' with reforms stalled

International Monetary Fund's Mission Chief to Lebanon Ernesto Rigo, attends a news conference in Beirut, Lebanon March 23, 2023. REUTERS/Mohamed Azakir

BEIRUT (Reuters) - The International Monetary Fund on Thursday warned that Lebanon was in a very dangerous situation one year after it committed to reforms it has failed to implement and urged the Lebanese government to halt borrowing from the central bank.

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.