With that said, however, Schenker’s explicit mention of Gulf countries leaves an important question unanswered.
Considering Iraq is a prime customer of Lebanon’s and recently offered to develop trade networks with the country, will Lebanon’s exports to it be affected or inhibited by the Caesar Act and its sanctions?
The U.S. official, who pointed out that the Act will end Syria’s ability to “use Lebanon for money laundering,” stressed that the U.S. has been a keen observer of Lebanon’s negotiation with the International Monetary Fund.
He said that the Lebanese government has not done much to progress the talks.
“It would be an exaggeration to say that the government of Lebanon is involved in negotiations with the International Monetary Fund,” Schenker declared.
He explained that some discussions between the country and the IMF have not yet reached the actual negotiation stage, noting that the government is still “trying to sort out how much money Lebanon has in its accounts.”
After giving Lebanon its last chance to progress the talks and perform the tasks required of it to unlock its aid, the IMF warned Lebanese officials against lowering losses from the country’s financial crisis.
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