Exclusive: Lebanese crisis plan ready in weeks, will meet IMF recommendations - minister
BEIRUT - Lebanon’s plan to tackle a financial and economic crisis will meet IMF recommendations and will be ready in weeks, the finance minister said, adding that any recourse to an IMF programme must be politically agreed and its terms should not cause suffering.
Lebanon has so far requested technical assistance from the IMF but not financial aid that would typically come as part of a programme of reforms. A team of IMF experts visited Lebanon last month. The terms should also not affect “the social situation and livelihoods” and there should be “political understanding” on any programme, he said. The Fund should not impose “traditional conditions” such as tax increases or privatisation.
“When you want to communicate on the issue of the public debt or its restructuring, you have to present the creditors a convincing, credible, comprehensive programme,” he said.
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