Source: IMF Ready to Commit up to $4 Billion to New Lebanese Government

  • Economics
Source: IMF Ready to Commit up to $4 Billion to New Lebanese Government

The International Monetary Fund informed caretaker Finance Minister Ghazi Wazni that the fund was willing to commit $3 billion to $4 billion to any new Cabinet that is committed to economic reforms, a source at the Finance Ministry revealed Sunday.

“A senior IMF official informed Wazni that the fund is willing to commit $3 billion to $4 billion to Lebanon once a new Cabinet is formed and on condition on the reforms that it will carry out. The official added that the international community was also ready to give three or four times of this amount if a new Cabinet is formed,” the source told The Daily Star on condition of anonymity.

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Source: The Daily Star