Close Menu
    Facebook X (Twitter) Instagram
    Tuesday, May 13, 2025
    961
    Instagram Facebook LinkedIn TikTok
    • Breaking News
    • Guides
    • Food & Drink
    • Listicles
    • Join the Team
    • Whatsapp
      • 961
      • 961 News
    • AUB Outdoors ☀️
    Advertise with Us Get the App
    961
    Home»News»Lebanon News
    Reuters | AFP / Andrew CABALLERO-REYNOLDS
    2 Mins Read

    The IMF Gives Lebanon One Last Chance

    By Souad LazkaniJuly 11, 2020Updated:July 19, 2021
    Facebook WhatsApp Copy Link

    Lebanon has resumed negotiations with the International Monetary Fund “in unfavorable atmospheres for the IMF” reported Al Joumhouria on Saturday.

    Indebted Lebanon is seeking billions of dollars in aid from the IMF. Despite this, the IMF accused the Lebanese government of lacking seriousness in talks with the fund.

    “We have been begging them to behave like a normal state, and they are acting like they are selling us a carpet,” said a senior European diplomat to The Guardian regarding the negotiations.

    https://twitter.com/JRBR007/status/1281879437433344002?s=20

    Sources familiar with the negotiations told Al Joumhouria, “The way the Lebanese side deals with negotiations with the IMF will not speed up reaching an agreement for the bailout, at this rate the negotiations will take years, not several months.”

    The sources added that the IMF does not want to waste time in meetings “that take place in a vicious circle” and urged that the Lebanese side submit a unified number of losses to continue the talks, according to the newspaper.

    View this post on Instagram

    A post shared by UpdatedNews.com (@updatednewscom)

    “The Lebanese side should consider that this is its last chance to resolve its position and adopt the scientific and accurate approach in everything that is proposed,” they stated. “Otherwise, the IMF will have no choice but to suspend negotiations, if not to stop them.”

    https://twitter.com/BakheitNesreen/status/1281910390230781953?s=20

    The IMF’s main issue, so far, is that the Lebanese government and the Central Bank are in a dispute regarding the accurate number of losses, with the state reportedly exaggerating the figures.

    “Central Bank Governor Riad Salameh accused the government of over-calculating the losses in its economic recovery plan, which has been presented to the IMF as the basis of negotiations,” stated The Daily Star.

    Lebanese held a meeting with the IMF on Friday and more talks are expected next week according to Reuters.

    At this point in which Lebanon is spiraling out of control, and hopelessness is taking over, the Lebanese people are holding to a shred of hope that the government gets its act together to hold constructive talks that could save the country from its despair.

    International Monetary Fund (IMF) Riad Salameh
    Share. Facebook Twitter LinkedIn WhatsApp Reddit Email

    For You

    uae travel ban lebanon 961

    UAE Is Officially Removing The Travel Ban On Lebanon

    Joe Issa El-Khoury 961

    Who is Joe Issa El-Khoury, Lebanon’s New Minister of Industry

    Adel Nassar 961

    Who is Adel Nassar, Lebanon’s New Minister of Justice

    Nizar Hani 961

    Who is Nizar Hani, Lebanon’s New Minister of Agriculture

    Charles Hajj 961

    Who Is Charles Hajj, Lebanon’s New Minister of Telecommunications

    Nora Bayrakdarian 961

    Who is Nora Bayrakdarian, Lebanon’s New Minister of Youth and Sports

    saint levant aub outdoors 2025 961

    Saint Levant Is Officially Headlining AUB Outdoors 2025!

    visa whish money partnership

    Visa and Whish Money Just Partnered To Push Digital Payments in Lebanon and Abroad

    May 6, 2025

    20 Celebrities You Probably Didn’t Know Had Lebanese Roots

    April 22, 2019
    nada koussa miss world miss lebanon 961

    Nada Koussa Just Left To Represent Lebanon At Miss World

    May 7, 2025

    Lebanon’s Shawarma Is Going Viral in The Philippines

    April 21, 2019
    dew apparel nada koussa miss lebanon 961

    Miss Lebanon Nada Koussa Just Launched A Sportswear Brand

    May 3, 2025
    arabic words

    30 Beautiful Arabic Words You Probably Want To Learn

    April 22, 2020
    Lebanese boutiques

    25 Boutiques In Lebanon To Find Your Dream Evening Dress This Wedding Season

    June 9, 2024

    20 Typical Lebanese Slang Expressions

    April 21, 2020
    Lebanon Making Videos 961

    You Can Now Get Paid To Go Around Lebanon Making Videos

    January 23, 2025
    961 Logo
    Facebook WhatsApp TikTok Instagram

    Popular Topics

    • Guides
    • Eat & Drink
    • Listicles
    • Lebanon News
    • Diaspora
    • Explained

    961

    • About
    • WhatsApp Channel
    • News WhatsApp Channel
    • Corrections Policy
    • Ownership & Funding

    Services

    • Advertise
    • Careers
    • App Waitlist
    • Contact Us
    • Newsletter
    961™ | All Rights Reserved ©2025
    • Privacy Policy
    • Terms

    Type above and press Enter to search. Press Esc to cancel.

    We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Okay