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
Al Mayadeen correspondent: The US vetoed a UNSC resolution calling for a ceasefire in Gaza, arguing it does not condemn Hamas nor grant "Israel" the right to “self-defense.”
Israeli occupation forces issue a new bombing threat against civilian buildings in the Southern Lebanese towns of Borj Qalaouiye and Chehabiyeh.
Sources to Al Mayadeen: Extending the snapback mechanism deadline will test how independent Europeans truly are from the US.
Sources to Al Mayadeen: Activating the snapback mechanism will nullify the Cairo Agreement, shut the door on cooperation between the IAEA and Tehran, and bar inspections.
Sources to Al Mayadeen: The diplomatic window remains open, but signs of activating the snapback sanctions mechanism on Iran are increasing.
Sources to Al Mayadeen: Although the Cairo Agreement meets an important part of European demands, they have begun speaking of new conditions in recent communications.
Sources to Al Mayadeen: European countries show no independence in their stance toward Iran during the talks.
Israeli occupation forces issued bombing threats to bomb civilian buildings in Southern Lebanon.
Israeli media: Person behind shooting operation at Allenby Crossing is a Jordanian Army soldier.
Israeli media citing Emergency Services: Both wounded in Allenby shooting operation now dead.

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.

  • x
  • 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.

Related News

Lebanon passes banking restructuring law to secure funds from the IMF

Lebanon's BDL partners with US-based firm to boost financial oversight

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

Most Read

Why is Choose Love using a firm with British and US intelligence connections to run a pro-Palestine musical event? (Al Mayadeen English; Illustrated by Batoul Chamas)

Together for Palestine: Troubling questions about the organisers of this huge event

  • Opinion
  • 17 Sep 2025
Uprising against Volker Turk at the Human Rights Council over Gaza.

Uprising against Volker Turk at the Human Rights Council over Gaza

  • Politics
  • 12 Sep 2025
Lapid: Egypt’s Arab Force plan a 'severe blow' to normalization

Lapid: Egypt’s Arab Force plan a 'severe blow' to normalization

  • Palestine
  • 14 Sep 2025
An Israeli tank explodes following an ambush by al-Qassam Brigades in Gaza, Occupied Palestine, undated (Al-Qassam Military Media)

12 Israeli soldiers killed, wounded in Resistance operation in Gaza

  • Politics
  • 18 Sep 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
A Hezbollah supporter who lost his sight in a pager attack carried out by "Israel" on Sept. 17, 2024, covers his eyes with a red headband inscribed with the name "Hussein" during Ashoura, July 6, 2025 (AP)
Politics

'We Have Recovered': Lebanon marks 1st anniversary of Pager Attack

The Arab neighborhood of El Za'im, on the outskirts of east Occupied Al-Quds in the West Bank, near where Israeli government says housing units will be built as part of the E1 settlement project, Thursday, August 21, 2025. (AP Photo/Ohad Zwigenberg)
Palestine

'Israel’s' deliberate policies drive West Bank economy toward collapse

Ben & Jerry's ice cream shop, Wednesday, Feb. 26, 2025, in Cambridge, Mass. (AP Photo/Charles Krupa)
Politics

Ben & Jerry’s co-founder resigns over parent company curbing activism

Trump’s approval rating falls to new low in second term: Poll
US & Canada

Trump’s approval rating falls to new low in second term: Poll

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