Skip to main content

Hezbollah agrees to IMF help, under conditions

Lebanon’s powerful Shiite group Hezbollah has agreed to the International Monetary Fund potentially stepping in to help the country deal with its worst economic crisis in decades.
A view shows closed shops inside a commercial center in Beirut, Lebanon February 19, 2020. Picture taken February 19, 2020. REUTERS/Mohamed Azakir - RC2AIF93OLY5

Hezbollah shifted position regarding aid from the International Monetary Fund in March. The powerful Lebanese group that previously strongly opposed IMF help said in mid-March that it may accept it after all.

“We will not accept submitting to (imperialist) tools … meaning we do not accept submitting to the International Monetary Fund to manage the crisis,” Hezbollah Deputy Secretary General Sheikh Naim Qassem had said in late February.

Access the Middle East news and analysis you can trust

Join our community of Middle East readers to experience all of Al-Monitor, including 24/7 news, analyses, memos, reports and newsletters.

Subscribe

Only $100 per year.