IMF promises $3 billion financing for Lebanon but demands reforms
Deal depends on monetary policy and central bank reform, as well as banking clean-up, IMF says
The International Monetary Fund announced an outline deal with Lebanon’s authorities on April 7, which it said was conditional on major central bank reform.
The deal would provide Lebanon with $3 billion over three years to deal with its deepening economic crisis, if it met several IMF conditions. The IMF’s executive board will have to approve the deal, and Lebanon’s government will have to satisfy the fund’s demand for reforms.
The IMF said that its conditions included externally financing
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