IMF confirms staff visit to Lebanon this week

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A team of IMF experts will visit Lebanon from Feb. 20-23 to meet with authoritie...

FILE PHOTO: A man walks past concrete barriers erected by authorities to block a street leading to the parliament building in Beirut, Lebanon January 24, 2020. REUTERS/Aziz Taher

IMF staff will listen to Lebanese authorities about “how they plan to face Lebanon’s economic difficulties, ... take stock of recent macroeconomic developments, and provide broad technical advice on policies to deal with the macroeconomic challenges facing the economy, he said. The financial crisis, worse than any Lebanon endured in its 1975-90 civil war, came to a head last year as slowing capital inflows led to a liquidity crunch and demonstrations erupted against the ruling elite.

 

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