Various Lebanese groups will eventually realize that they have no other choice but to strike an agreement with the International Monetary Fund and they will also realize that there is no such a thing as plan B or C if the talks between the government and the fund hit an impasse.
This impression is widely echoed by numerous officials, economists, bankers and even some politicians who fear that Lebanon’s economic woes will never end if the IMF does not inject a conditional financial assistance soon.
The IMF’s demands are no longer a secret. You want money then pass the capital control law, accept the government’s economic rescue plan, accept the size of the losses mentioned in this plan, have one official exchange rate and implement electricity reforms and we will reach for our pockets.
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Source: The Daily Star