Lebanese govt talks with IMF in the right direction – Deputy PM to NNA

The Worldwide Financial Fund (IMF) brand is seen exterior the headquarters constructing in Washington, U.S., September 4, 2018. REUTERS/Yuri Gripas

DUBAI, March 15 (Reuters) – Talks between the Lebanese authorities and the Worldwide Financial Fund are transferring in the correct course and have made necessary progress, Lebanese Deputy Prime Minister Saadeh al-Shami informed the Nationwide Information Company (NNA)on Tuesday.

The Worldwide Financial Fund stated in February it will stay “intently engaged” with Lebanon’s authorities to assist the crisis-ravaged nation formulate an financial reform programme.

Lebanon’s monetary system unravelled in late 2019 below the load of big public money owed, slicing greater than 90% off the native forex’s worth and plunging a majority of the inhabitants into poverty. learn extra

Reporting by Maher Chmaytelli
Writing by Riham Alkousaa; Modifying by Jon Boyle

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