Lebanon Seeks New IMF Agreement
Lebanon hopes to secure a new staff level agreement with the IMF following recent banking reforms. Finance Minister Yassine Jaber met officials in Washington to discuss advancing a full program once the financial gap law passes.
Lebanon is pursuing a new staff-level agreement with the IMF, Finance Minister Yassine Jaber said during meetings in Washington on Monday. The push follows the passage of a bank restructuring law in August after years of financial gridlock. A full IMF loan program remains contingent on parliament approving additional legislation to distribute $70B in financial system losses.
