The International Monetary Fund (IMF) said it is assessing an emergency reform package announced by Lebanon’s government last week and stressed reforms should be implemented urgently given the country’s high debt levels and fiscal deficits.
In Beirut, I Can No Longer Get American Dollars Out of the ATM. This Is What It Tells Me about Lebanon’s Economy
I sniffed something was wrong in Lebanon when the central bank governor Riad Salame announced to us all that there were plenty of dollars in the system. No shortages. No tightening of the purse strings. I still have the papers with his announcement on page one.