Skip to main content

Lebanon to seek IMF assistance to help with economic crisis

The prime minister said Lebanon would seek $10 billion in loans from the international financial institution after passing a reform bill.

A man wearing a face mask walks past a damaged facade of a bank, after overnight protests fuelled by worsening economic conditions, in the southern city of Sidon, Lebanon April 30, 2020. REUTERS/Ali Hashisho - RC2ZEG9LTAWF
A man wearing a face mask walks past a damaged facade of a bank, after overnight protests fuelled by worsening economic conditions, in the southern city of Sidon, Lebanon April 30, 2020. — REUTERS/Ali Hashisho

Lebanon will seek assistance from the International Monetary Fund (IMF) to help deal with its economic crisis, the government announced today.

In an address to the nation, Prime Minister Hassan Diab outlined several economic reforms passed by the government. He said Lebanon would seek more $10 billion in loans from the IMF.

Related Topics

Subscribe for unlimited access

All news, events, memos, reports, and analysis, and access all 10 of our newsletters. Learn more

$14 monthly or $100 annually ($8.33/month)
OR

Continue reading this article for free

All news, events, memos, reports, and analysis, and access all 10 of our newsletters. Learn more.

By signing up, you agree to Al-Monitor’s Terms and Conditions and Privacy Policy. Already have an account? Log in