Lebanon has yet to give IMF figure for financial losses

Published by
Al-Araby

Lebanon has yet to give the IMF its estimate of losses in the financial system as discussions on the issue continue, but is working hard to sign a memorandum of understanding with the Fund by year-end, governor Riad Salameh told Reuters on Tuesday. Disagreements in Lebanon over the size of the losses and how they should be distributed torpedoed IMF talks last year. The central bank, banks and political elite rejected figures set out in a government plan that was endorsed by the IMF at the time. The issue has obstructed attempts to chart a way out of the crisis that has devastated Lebanon since…

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