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Russian Ministry of Defense: 37 Ukrainian drones destroyed in 4 hours over regions of Russia and the Black Sea.
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.

IMF says Lebanon aid deal needs more work

  • By Al Mayadeen net
  • Source: Agencies
  • 11 Feb 2022 22:57
2 Min Read

After two weeks of negotiations, the IMF says the assistance program needs more work.

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  • IMF says Lebanon aid deal needs more work
    IMF says Lebanon aid deal needs more work.

The IMF said Friday that after two weeks of negotiations, it has made progress in securing an aid program to assist Lebanon in overcoming its "unprecedented and complex" economic crisis, but stressed that more work is needed.

The government would require budgetary changes to assure debt management, as well as steps to construct a "credible" currency system, according to a statement issued by the International Monetary Fund at the completion of its virtual negotiation mission.

IMF team head Ernesto Ramirez Rigo stated that "during the mission, progress was made in agreeing on these necessary reform areas, although more work is needed to translate them into concrete policies."

Last month, the Washington-based lender began discussions to help the Middle Eastern country recover from its mounting economic crisis. Lebanon defaulted on its national debt for the first time in its history in 2020.

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According to the United Nations, its currency has lost about 90% of its value on the black market, and four out of every five Lebanese now live below the poverty line, a condition exacerbated by triple-digit inflation.

According to Ramirez Rigo, "strong upfront actions will be necessary to start turning the economy around and rebuilding confidence."

Rigo also urged authorities to take decisive action to "tackle the deep-seated problem of corruption."

He noted, however, that any program must have a budgetary strategy that allows the government to engage in vitally needed social expenditures to help the people.

Last week, IMF Managing Director Kristalina Georgieva called the country's condition "very, very dire."

  • Lebanon crisis
  • International Monetary Fund
  • Lebanon

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Almost instantly after the Helsinki Accords were signed, organisations sprouted to document purported violations, whose findings were fed to overseas embassies for international amplification. (Al Mayadeen English; Illustrated by Zeinab el-Hajj)

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