Deputy prime minister Saade Chami says IMF negotiations are progressing well. (Credit: Saul Loeb/AFP)
DUBAI, United Arab Emirates — Talks between the Lebanese government and the International Monetary Fund are moving in the right direction and have made important progress, Lebanese Deputy Prime Minister Saade Chami told the state-run National News Agency on Tuesday.
The IMF said in February it would remain "closely engaged" with Lebanon's authorities to help the crisis-ravaged country formulate an economic reform program.
Lebanon's financial system unravelled in late 2019 under the weight of huge public debts, slicing more than 90 percent off the local currency's value and plunging a majority of the population into poverty.
DUBAI, United Arab Emirates — Talks between the Lebanese
government and the International Monetary Fund are moving in the
right direction and have made important progress, Lebanese
Deputy Prime Minister Saade Chami told the state-run National News
Agency on Tuesday.
The IMF said in February it would
remain "closely engaged" with Lebanon's authorities to help the
crisis-ravaged country formulate an economic reform program.
Lebanon's financial system unravelled in late 2019 under the
weight of huge public debts, slicing more than 90 percent off the local
currency's value and plunging a majority of the population into
poverty.
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