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Sheikh Qassem: Our supporters make up more than half of Lebanon's population, and all of these people are united under the banner of protecting Lebanon, its Resistance, its people, and its integrity.
Sheikh Qassem: There will be no phased handing in of our arms. [The Israelis] must first enact the agreement before we start talking about a defensive strategy.
Sheikh Qassem: Be brave in the face of foreign pressures, and we will be by your side in this stance.
Sheikh Qassem: Stripping us of our arms is like stripping us of our very soul, and this will prompt us to show them our might.
Sheikh Qassem: We will not abandon our arms, for they gave us dignity; we will not abandon our arms, for they protect us against our enemy.
Sheikh Qassem: The US efforts we are seeing are aimed at sabotaging Lebanon and constitute a call for sedition.
Sheikh Qassem: If you truly want to establish sovereignty and work for Lebanon’s interests, then stop the aggression.
Sheikh Qassem: The United States, which is meddling in Lebanon, is not trustworthy but rather poses a danger to it.
Sheikh Qassem: The United States is preventing the weapons that protect the homeland.
Sheikh Qassem: The government’s latest decision [on the disarmament of the Resistance] is non-charter-based, and if the government continues down this path, it is not faithful to Lebanon’s sovereignty.

IMF may be discontented with Lebanon 2022 budget: Economy Minister

  • By Al Mayadeen English
  • Source: Agencies
  • 15 Sep 2022 21:16
2 Min Read

Economy Minister Amin Salam expresses concern over IMF’s dissatisfaction with numbers in Lebanon's 2022 budget.

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  • Lebanese national flag flutters in Beirut. (Reuters)
    Lebanese national flag fluttering in Beirut (Reuters)

Lebanon's 2022 budget may fall short of IMF requirements for a bailout program, a member of Lebanon's IMF negotiations team stated as quoted by Reuters.

An IMF agreement is being envisaged as a critical first step for Lebanon to begin exiting a three-year financial implosion that has left eight out of ten people impoverished and has been described by the World Bank as one of the worst crises in the world since the 1850s.

Deputy Secretary-General of Hezbollah Naim Qassem has lately told Al Mayadeen that the United States instructed the International Monetary Fund not to give Lebanon a loan to import electricity from Jordan and natural gas from Egypt. "The US administration does not have a problem with the Lebanese populace starving to achieve its plan, which serves Israel," he said.

It is worth noting that Lebanon reached a staff-level agreement (SLA) with the international lender in April for a $3 billion bailout, outlining roughly ten preconditions, including the adoption of the country's 2022 budget, that must be met before the program is approved by the IMF board.

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On his account, Economy Minister Amin Salam said, "I am very concerned that the IMF could not be satisfied with the numbers in the budget."

"If they (the IMF) don't see that it reflects at least halfway of what they expect, it’s going to be a problem," Salam said.

Lebanon's parliament has yet to complete any of the four IMF preconditions, including the 2022 budget, capital controls, and a banking sector restructuring law. 

Lebanon's cabinet has completed some of the pre-conditions imposed by the IMF, most notably the approval of a financial recovery plan.

Following the adoption of an amended banking secrecy law by parliament in July, the IMF stated that it was "a substantial reform... but (a) few key deficiencies remain."

  • IMF
  • Amin Salam
  • Lebanon 2022 budget
  • Lebanon

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