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


  • World
  • Thursday, 23 Mar 2023

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.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In World

BBC says it will fight Trump lawsuit over edited speech
Plan to build church for war dead in city park sparks rare protest in Russia
Netherlands will host International Claims Commission for Ukraine, minister says
Polish student detained over suspected Christmas market attack plot
UN envoy hopeful on Cyprus, says multi-party summit premature
Rwanda-backed M23 group says it will withdraw from seized Congo town after US request
Thailand works to repatriate thousands stranded at Cambodia border crossing
Iraq's dreams of wheat independence dashed by water crisis
Taiwan's global credibility on the line with disputed laws, president says
Trump seeks up to $10 billion in damages from BBC over editing of January 6 speech

Others Also Read