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ECONOMIC CRISIS

President Michel Aoun and Finance Minister Youssef Khalil meet with the IMF

President Michel Aoun and Finance Minister Youssef Khalil meet with the IMF

Lebanese President Michel Aoun receiving International Monetary Fund (IMF) Permanent Representative to Lebanon Frederico Lima in Baabda on June 20, 2022. (Courtesy of the Presidency's Twitter account)

BEIRUT — The permanent representative of the International Monetary Fund (IMF) in Lebanon, Frederico Lima, met Lebanese President Michel Aoun and caretaker Finance Minister Youssef Khalil held a meeting Monday, according to the state-run National News Agency.

Here’s what we know:

    • Head of the IMF office in Beirut, Najla Nakhlé, and the caretaker Finance Ministry’s acting Director-General, Georges Maaraoui, were also present in the meeting, which covered the IMF’s technical support to Lebanon and the country’s economic reform program.

    • In Baabda, Aoun assured the IMF officials of Lebanon's willingness to cooperate with the IMF’s requirements in order to resolve the crisis the country is undergoing.

    • A preliminary agreement was concluded on April 7 between Lebanon and the IMF, where Lebanon would receive $3 billion worth of financial assistance over 46 months if certain prior actions or reforms are implemented. The staff-level agreement remains subject to final approval by the Executive Board of the IMF.


BEIRUT — The permanent representative of the International Monetary Fund (IMF) in Lebanon, Frederico Lima, met Lebanese President Michel Aoun and caretaker Finance Minister Youssef Khalil held a meeting Monday, according to the state-run National News Agency. Here’s what we know:     • Head of the IMF office in Beirut, Najla Nakhlé, and the caretaker Finance Ministry’s acting...