Lebanese govt talks with IMF in the right direction: Deputy PM

Lebanese govt talks with IMF in the right direction: Deputy PM
Talks between the Lebanese government and the IMF are moving in the right direction and have made important progress, the deputy prime minister said
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Lebanon has reeled under an unprecedented financial and economic crisis since 2019 [Getty- archive]

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 Saadeh al-Shami told the National News Agency (NNA)on Tuesday.

The International Monetary Fund said in February it would remain "closely engaged" with Lebanon's authorities to help the crisis-ravaged country formulate an economic reform programme.

Lebanon's financial system unravelled in late 2019 under the weight of huge public debts, slicing more than 90% off the local currency's value and plunging a majority of the population into poverty.

(Reuters)

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