The IMF argued that Lebanon needs to take quick and decisive action to reduce the annual deficit at Electricite du Liban. (The Daily Star/Mohammed Zaatari)
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
The International Monetary Fund warned that Lebanon's economic situation remains fragile due to slow GDP growth and rising public debt.An IMF team has visited Lebanon recently and held talks with the finance minister, the Central Bank governor and leading bankers and economists to assess the financial and economic situation and recommend proposals to improve the situation. The team said the government needs to tackle many pending dossiers in order to shore up the economy and improve GDP.It added that a conference in Paris to support investment in Lebanon is planned for April.The report said that the Central Bank may resort to increasing interest rates or use part of its assets to meet the Lebanon's funding needs.The IMF also argued that Lebanon needs to take quick and decisive action to reduce the annual deficit at Electricite du Liban.The IMF made some recommendations to crack down on corruption.
FOLLOW THIS ARTICLE