Business & Economy

Negotiations between Lebanon and IMF at an advanced stage

The Lebanese Minister of Economy and Trade, Amin Salam, announced that negotiations with IMF were at a very advanced stage.
In a television interview, Salam said that “Lebanon will sign early 2022 a preliminary agreement with the International Monetary Fund on a recovery and growth plan.”
The agreement with the Monetary Fund was part of the solution to the economic crisis in Lebanon, and he noted that after the agreement had been signed, large funds from hard currency would be injected into the market and banks would be structured.
Salam stressed that the trend in Lebanon was now towards changing the economy from rent to production.

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