Prospect of 'staff-level agreement' between Lebanon, IMF is fading - L'Orient Today
Key Takeaways
- IMF representatives met in Paris with Lebanon's central bank head and finance ministers.
- The meeting aimed to relaunch the stalled staff-level agreement dossier.
- The prospect of a staff-level agreement is fading.
Paris meeting details
On March 18 in Paris, a Lebanese delegation consisting of Finance Minister Yassin Jaber, Economy Minister Amer Bisat, and Banque du Liban (BDL) governor Karim Souhaid met with representatives of the International Monetary Fund at the Rothschild Bank headquarters, advisor to the Lebanese central bank.
“FOCUS Prospect of 'staff-level agreement' between Lebanon, IMF is fading Gathered with representatives of the International Monetary Fund at Rothschild bank headquarters in Paris, the head of Lebanon's central bank and the finance and economy ministers tried to relaunch the difficult dossier”
The meeting, organized at the initiative of the BDL, was part of preparations for the IMF's spring meetings, scheduled for next month in Washington, where Beirut hopes to resume negotiations with the institution, as the process remains stalled.
IMF talks status
Beirut hopes to resume negotiations with the IMF during the spring meetings in Washington, but the process remains stalled.
BDL statement content
In a statement released on Wednesday, the BDL indicated that discussions focused on 'legislative initiatives, structural reforms and the frameworks necessary to support financial stability and economic...'
“FOCUS Prospect of 'staff-level agreement' between Lebanon, IMF is fading Gathered with representatives of the International Monetary Fund at Rothschild bank headquarters in Paris, the head of Lebanon's central bank and the finance and economy ministers tried to relaunch the difficult dossier”
The article truncates the rest of the quote, leaving the remainder unclear.
Reserves context
BDL's foreign currency reserves are under pressure.
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