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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.
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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. 

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