News
Latest News
news bulletin
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Other News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Beirut
23
o
Bekaa
14
o
Keserwan
20
o
Metn
20
o
Mount Lebanon
20
o
North
21
o
South
21
o
Live
Video
Audio
Schedule
shows
العربية
watching now
News
SUBSCRIBE
Home
Notification
Live
Video
Audio
shows
Beirut
23
o
Bekaa
14
o
Keserwan
20
o
Metn
20
o
Mount Lebanon
20
o
North
21
o
South
21
o
News
Programs
The News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Programs
Documentaries
Lebanon’s Centennial
News Bulletin
The Untold History
Talk Show
Series
Sports
Variety
Other
Comedy
Oldies
Breaking News
Latest News
Highlighted News
Most Read
Videos
العربية
Watch the latest programs and the latest developments on your favorite screen
Shows
Join millions of followers
Who We Are
Contact Us
Advertise With Us
Careers
Channel frequencies
Privacy Policy
Terms and Conditions
IMF says Lebanon needs urgent economic reforms to stop deepening crisis
Lebanon News
2023-06-08 | 12:36
High views
Share
Share
2
min
IMF says Lebanon needs urgent economic reforms to stop deepening crisis
Lebanon must take urgent action on comprehensive economic reforms to avoid "irreversible consequences" for its economy, the International Monetary Fund said on Thursday.
IMF spokesperson Julie Kozack told reporters that IMF staff concluded an Article 4 consultation with Lebanese authorities on June 1, and concluded that reforms were urgently needed to arrest the "severe and deepening crisis" facing the economy.
"Lebanon needs urgent action to implement a comprehensive economic reform program to arrest the severe and deepening crisis and to allow Lebanon's economy to recover," Kozack said, adding that the IMF was concerned that delays in implementing key reforms were keeping the economy severely depressed.
"We are concerned about irreversible consequences for the economy, especially for the poor citizens of Lebanon and the middle class," she said.
Kozack said the IMF remained engaged and was willing to support Lebanon, but the country would also need strong financial support from the broader international community to cover the "very large financial needs" it faces in coming years.
Pro-Iranian Hezbollah, the country's main armed political force, and its Shi'ite ally Amal, had backed Frangieh, 56, heir of an old Lebanese Christian political dynasty and an ally of Syrian President Bashar al-Assad with strong ties to the ruling political establishment in Damascus.
Opposition deputies said the consensus around Azour could help him garner the 65 votes needed in a secret ballot by lawmakers in the 128-member parliament to assume the post reserved for a Maronite Christian under the country's complex sectarian power sharing regime.
Reuters
Lebanon News
IMF
Lebanon
Need
Urgent
Economic
Reforms
Stop
Deepening
Crisis
Next
Presidential Elections 101: The numbers behind Lebanon’s presidential voting requirements
Presidential elections 101: Who are the two candidates ahead of the next presidential elections session?
Previous
Recommended For You
d-none hideMe
0
News Bulletin Reports
12:26
Suspicion amid anticipation: Lebanon left waiting as TotalEnergies fails to deliver Block 9 drilling report
News Bulletin Reports
12:26
Suspicion amid anticipation: Lebanon left waiting as TotalEnergies fails to deliver Block 9 drilling report
0
Lebanon News
10:02
Geagea: We will continue our efforts until the last illegal migrant is expelled from Lebanon
Lebanon News
10:02
Geagea: We will continue our efforts until the last illegal migrant is expelled from Lebanon
0
Lebanon News
08:19
South Lebanon Water Establishment: Tasseh Spring project facilities were subjected to airstrikes, limit water use for 'service' purposes
Lebanon News
08:19
South Lebanon Water Establishment: Tasseh Spring project facilities were subjected to airstrikes, limit water use for 'service' purposes
0
Lebanon News
07:39
Hezbollah says its drone hits northern Israeli town, casualties reported
Lebanon News
07:39
Hezbollah says its drone hits northern Israeli town, casualties reported
Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
0
Middle East News
2024-04-13
Security sources to Reuters: Drones seen flying from direction of Iran over Iraq’s Sulaymaniya
Middle East News
2024-04-13
Security sources to Reuters: Drones seen flying from direction of Iran over Iraq’s Sulaymaniya
0
World News
00:52
Chinese President and Macron urge 'political settlement' of Iran nuclear issue
World News
00:52
Chinese President and Macron urge 'political settlement' of Iran nuclear issue
0
Middle East News
2023-11-23
Abdel Fattah el-Sisi: The displacement of Palestinians from Gaza to Egypt is a red line
Middle East News
2023-11-23
Abdel Fattah el-Sisi: The displacement of Palestinians from Gaza to Egypt is a red line
0
Variety and Tech
2023-09-28
Lebanon's Amin Maalouf Takes the Helm: Elected as Perpetual Secretary of the French Academy
Variety and Tech
2023-09-28
Lebanon's Amin Maalouf Takes the Helm: Elected as Perpetual Secretary of the French Academy
Videos
d-none hideMe
0
Lebanon News
2024-04-30
University Students Organize Solidarity Protest for Palestine (VIDEO)
Lebanon News
2024-04-30
University Students Organize Solidarity Protest for Palestine (VIDEO)
0
Lebanon News
2023-12-11
Breaking: Israel launches raid north of Litani on Monday (Video)
Lebanon News
2023-12-11
Breaking: Israel launches raid north of Litani on Monday (Video)
0
Lebanon News
2023-11-02
Exclusive to LBCI: U.S. State Department's Wooster Stresses Lebanon Must Avoid War, Sees Renewed Push for Two-State Solution
Lebanon News
2023-11-02
Exclusive to LBCI: U.S. State Department's Wooster Stresses Lebanon Must Avoid War, Sees Renewed Push for Two-State Solution
0
Lebanon News
2023-10-18
Protests Erupt near US Embassy in Awkar Against Israeli Attacks on Al-Maamadani Hospital in Gaza
Lebanon News
2023-10-18
Protests Erupt near US Embassy in Awkar Against Israeli Attacks on Al-Maamadani Hospital in Gaza
0
Lebanon News
2023-10-05
ATFL's Ambassador Edward Gabriel on Navigating Through Economic, Political, and Refugee Crises
Lebanon News
2023-10-05
ATFL's Ambassador Edward Gabriel on Navigating Through Economic, Political, and Refugee Crises
0
Sports News
2023-08-31
Amir Saoud Powers Lebanon to Victory Over Cote d'Ivoire: A Deep Dive Into The Numbers
Sports News
2023-08-31
Amir Saoud Powers Lebanon to Victory Over Cote d'Ivoire: A Deep Dive Into The Numbers
0
Sports News
2023-08-29
France Edges Past Lebanon in a Nail-Biter at FIBA World Cup 2023: A Statistical Deep Dive
Sports News
2023-08-29
France Edges Past Lebanon in a Nail-Biter at FIBA World Cup 2023: A Statistical Deep Dive
0
Lebanon News
2019-02-28
Pierre el-Daher, the man who defeated the Lebanese Forces
Lebanon News
2019-02-28
Pierre el-Daher, the man who defeated the Lebanese Forces
Most read
d-none hideMe
24 hours
7 days
Month
1
News Bulletin Reports
12:26
Suspicion amid anticipation: Lebanon left waiting as TotalEnergies fails to deliver Block 9 drilling report
News Bulletin Reports
12:26
Suspicion amid anticipation: Lebanon left waiting as TotalEnergies fails to deliver Block 9 drilling report
2
Lebanon News
07:39
Hezbollah says its drone hits northern Israeli town, casualties reported
Lebanon News
07:39
Hezbollah says its drone hits northern Israeli town, casualties reported
3
News Bulletin Reports
12:23
Rafah operation authorized: Israel responds to rocket attack
News Bulletin Reports
12:23
Rafah operation authorized: Israel responds to rocket attack
4
Israel-Gaza War Updates
12:40
Al Jazeera, citing senior Hamas source: The movement informs Egyptian and Qatari mediators of accepting the ceasefire proposal
Israel-Gaza War Updates
12:40
Al Jazeera, citing senior Hamas source: The movement informs Egyptian and Qatari mediators of accepting the ceasefire proposal
5
Lebanon News
03:03
Hezbollah announces launch of 'dozens' of rockets toward Israeli military base in the Golan
Lebanon News
03:03
Hezbollah announces launch of 'dozens' of rockets toward Israeli military base in the Golan
6
Lebanon News
10:02
Geagea: We will continue our efforts until the last illegal migrant is expelled from Lebanon
Lebanon News
10:02
Geagea: We will continue our efforts until the last illegal migrant is expelled from Lebanon
7
Israel-Gaza War Updates
10:19
Columbia cancels university-wide commencement ceremony after protests
Israel-Gaza War Updates
10:19
Columbia cancels university-wide commencement ceremony after protests
8
Israel-Gaza War Updates
11:00
UNICEF warns of a "catastrophic disaster" for 600,000 children in Rafah
Israel-Gaza War Updates
11:00
UNICEF warns of a "catastrophic disaster" for 600,000 children in Rafah
Download now the LBCI mobile app
To see the latest news, the latest daily programs in Lebanon and the world
Google Play
App Store
We use
cookies
We use
cookies
to make
your experience on this
website better.
Accept
Learn More