The IMF logo in front of its headquarters in Washington. (Credit: AFP)
An International Monetary Fund (IMF) delegation is expected to arrive in Beirut on May 28, according to Finance Minister Yassine Jaber, speaking to L'Orient-Le Jour.
The visit is anticipated to last a week and will focus on various reform sub-projects, he added.
This visit comes as Lebanese authorities are striving to implement measures aimed at lifting Lebanon out of an economic crisis that has engulfed the nation since 2019. In April, Lebanese lawmakers also approved a draft law amending the legislation on banking secrecy, a measure long demanded by the IMF. Between late March and mid-April, the government of Nawaf Salam approved a draft law altering banking secrecy and another law aimed at restructuring the banking sector, which are key reforms upon which the financial aid from the monetary institution, sought by Lebanon, depends.
An International Monetary Fund (IMF) delegation is expected to arrive in Beirut on May 28, according to Finance Minister Yassine Jaber, speaking to L'Orient-Le Jour.The visit is anticipated to last a week and will focus on various reform sub-projects, he added.This visit comes as Lebanese authorities are striving to implement measures aimed at lifting Lebanon out of an economic crisis that has engulfed the nation since 2019. In April, Lebanese lawmakers also approved a draft law amending the legislation on banking secrecy, a measure long demanded by the IMF. Between late March and mid-April, the government of Nawaf Salam approved a draft law altering banking secrecy and another law aimed at restructuring the banking sector, which are key reforms upon which the financial aid from the monetary institution, sought by Lebanon, depends....
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