IMF Demands Answers Before Any Assistance

  • Economics
IMF Demands Answers Before Any Assistance

The International Monetary Fund is pushing the Lebanese government and the Central Bank to come up with clear answers concerning capital control and discrepancy in the exchange currency rates before discussing any financial assistance, a source familiar with the talks between the two sides said Friday.

“The IMF delegation bluntly told both the government and the Central Bank that they want Lebanon to pass the capital control law before proceeding with other discussions. They also openly asked why there are three or four different exchange rates in the country because in their view this practice is unusual,” the source, who spoke on condition of anonymity, told The Daily Star.

Read the full article at the Daily Star: https://bit.ly/3gAm2pC

Source: The Daily Star