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IMF calls for unified reform program to boost economic recovery in Lebanon

0 Comment(s)Print E-mail Xinhua, March 12, 2025
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BEIRUT, March 12 (Xinhua) -- The International Monetary Fund (IMF) urged Lebanon on Wednesday to adopt a unified financial reform program to facilitate economic recovery and restore investor confidence.

During a meeting with Lebanese President Joseph Aoun at Baabda Palace in Beirut, Ernesto Ramirez Rigo, head of the IMF mission to Lebanon, outlined the IMF's vision for Lebanon's exit from its financial and economic crisis.

According to a statement released by the Lebanese presidency, Rigo stressed that a coordinated plan, developed in partnership with Lebanese institutions and the IMF, would accelerate the country's recovery.

For his part, Aoun thanked the IMF for its support and reaffirmed Lebanon's commitment to implementing the necessary reforms, which he described as a national priority before being an international demand.

In April 2022, the IMF reached a staff-level agreement with Lebanon to provide the country with 3 billion U.S. dollars in a 46-month financing program. However, it listed a series of reform measures in the country as a precondition for a final agreement to unlock the loan. Enditem

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