Lebanon’s innovative financial operations not sustainable – IMF
Method boosted foreign reserves and improved banks’ capital positions
A complex financial operation used by the Central Bank of Lebanon (BdL) last year to shore up its foreign reserves succeeded in its aims, but is not a sustainable solution, International Monetary Fund directors warned on January 24.
Faced with dwindling foreign exchange reserves, the central bank launched a complicated series of trades between May and October with the Ministry of Finance and commercial banks.
"Although the BdL's recent financial operation has successfully bolstered BdL's gross
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