Lebanon enhances efforts to receive USD4B debt from IMF


(MENAFN) The Lebanese economic minister said that Lebanon is decided to continue talks with the International Monetary Fund in the upcoming week regarding a plan for economic reform, besides a USD4 billion debt.

Amin Salam mentioned, during a meeting with Anadolu Agency, that formal talks with the IMF are set to take place on Monday.

The Arab nation is aiming to conduct a plan for helping the international financial institution in a bid to withdraw itself out of the intense economic and monetary issues which impacted it from late 2019.

Salam reported, “The negotiations will start upon the completion of preparatory discussions on the figures requested by the IMF regarding the extent of losses in the financial and banking sectors.”

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