Lebanon to ask IMF for technical help with economic crisis
Amid a deepening financial and monetary crisis plaguing Lebanon, a government source announced that the country is to officially request the IMF’s help.
Lebanon will officially ask the International Monetary Fund (IMF) for technical help to restructure its public debt and solve its financial and economic crisis, a government source told Reuters on Feb. 12.
The new Lebanese government headed by Prime Minister Hassan Diab won a confidence vote in parliament 63-20 on Feb. 11, but the financial and monetary crisis plaguing Lebanon, the third-highest indebted emerging country in the world, seems to be getting worse by the day.
