Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Tebboune: Achieving economic integration must not remain a dream.
Algerian Foreign Minister Ahmed Attaf delivers a speech on behalf of Algerian President Abdelmadjid Tebboune at the Fifth Arab Development, Economic, and Social Summit in Baghdad.
Mustafa: We reaffirm our commitment to work with our brothers and friends around the world for stability and an end to wars.
Palestinian Prime Minister Mohammad Mustafa: We stress the importance of reaching an agreement to implement the initiatives of the Development, Economic, and Social Summit.
Aboul Gheit: The global economy is going through a period of turbulence.
Aboul Gheit: Concrete solutions must be found for the issue of Arab food security in line with the strategy proposed at the Arab Summit in Baghdad.
Aboul Gheit: Arab national security is an integrated whole that cannot be achieved without food, social, cyber, and other forms of security.
Arab League Secretary-General Ahmed Aboul Gheit: We present a comprehensive Arab strategy for food security at the Arab Development Summit.
The closing statement of the Arab Summit: We reaffirm our absolute rejection of the displacement of the Palestinian people and call for the delivery of aid to the Gaza Strip.
The closing statement of the Arab Summit: The goal of the Arab Summit is to unify our efforts and achieve the interests of the peoples of our region.

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.

  • x
  • 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.

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

Most Read

Two F-35 jets arrive at it's new operational base Wednesday, Sept. 2, 2015, at Hill Air Force Base, in northern Utah. (AP)

F-35 near-misses over Yemen signal new risks for 'Israel': Forbes

  • Politics
  • 14 May 2025
Palestinians pray over bodies of people killed in the Israeli bombardment who were brought from the Shifa hospital before burying them in a mass grave in the town of Khan Younis, southern Gaza Strip, Wednesday, Nov. 22, 2023. (AP )

Gaza casualty figures mask a much bigger horror, new study shows

  • Politics
  • 11 May 2025
Gaza and the logic of necropolitics: Sovereignty measured by killing

Gaza and the logic of necropolitics: Sovereignty measured by killing

  • Politics
  • 15 May 2025
Abu Obaida

Abu Obeida posts shortly after Israeli reports about his assassination

  • Palestine
  • 15 May 2025

Coverage

All
Gaza prevails against genocide

Read Next

All
A Microsoft sign and logo are pictured at the company's headquarters, Friday, April 4, 2025, in Redmond, Wash. (AP)
Technology

Microsoft admits supplying AI to 'Israel' amid Gaza carnage

Israeli occupation’s tanks parked in a staging area near the border with Gaza, Friday, May 16, 2025. (AP)
Politics

'Israel' launches multi-axis assault in Gaza under 'Gideon’s Chariots'

People stand at the train ticket counter of NJ Transit at Penn Station, amid a strike by New Jersey Transit train engineers, in New York, Friday, May 16, 2025. (AP)
Economy

Commuters stranded amid first New Jersey railway strike in 40 years

Trump's tax bill stalls as Republican opposition demands deeper cuts
US & Canada

Trump's tax bill stalls as Republican opposition demands deeper cuts

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS