News
Latest News
news bulletin
Breaking Headlines
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Other News
Breaking Headlines
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Beirut
17
o
Mount Lebanon
17
o
Metn
20
o
Keserwan
20
o
North
17
o
South
16
o
Bekaa
7
o
Live
Video
Audio
Schedule
shows
العربية
watching now
Ghazl el banet
SUBSCRIBE
Home
Notification
Live
Video
Audio
shows
Beirut
17
o
Mount Lebanon
17
o
Metn
20
o
Keserwan
20
o
North
17
o
South
16
o
Bekaa
7
o
News
Programs
The News
Breaking Headlines
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 | 11:36
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
Lebanon's Economy Ministry, WFP sign agreement to enhance price transparency and consumer protection
Pierre el-Daher, the man who defeated the Lebanese Forces
Previous
Recommended For You
d-none hideMe
0
News Bulletin Reports
10:43
Hezbollah's Radwan Force: Unraveling the military strategy that sparked Israeli concern
News Bulletin Reports
10:43
Hezbollah's Radwan Force: Unraveling the military strategy that sparked Israeli concern
0
News Bulletin Reports
10:30
A 'new phase:' The beginning of action following investigations into Israeli attack killing Issam Abdallah
News Bulletin Reports
10:30
A 'new phase:' The beginning of action following investigations into Israeli attack killing Issam Abdallah
0
Lebanon News
09:50
UNICEF and Japan reconstruct Health Ministry's warehouse in Karantina
Lebanon News
09:50
UNICEF and Japan reconstruct Health Ministry's warehouse in Karantina
0
News Bulletin Reports
09:29
Jumblatt's meeting with Hezbollah delegation: Delving into Resolution 1701 and military leadership
News Bulletin Reports
09:29
Jumblatt's meeting with Hezbollah delegation: Delving into Resolution 1701 and military leadership
Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
0
Press Highlights
01:06
French envoy Le Drian's surprise visit to Lebanon amidst Al-Aqsa Flood developments
Press Highlights
01:06
French envoy Le Drian's surprise visit to Lebanon amidst Al-Aqsa Flood developments
0
Middle East News
2023-11-08
89 UNRWA employees killed in Gaza since October 7
Middle East News
2023-11-08
89 UNRWA employees killed in Gaza since October 7
0
News Bulletin Reports
08:44
Navigating the war of attrition: Challenges and opportunities in Northern Israel
News Bulletin Reports
08:44
Navigating the war of attrition: Challenges and opportunities in Northern Israel
0
News Bulletin Reports
2023-10-29
Impending fate of Israel: The curse of the eighth decade
News Bulletin Reports
2023-10-29
Impending fate of Israel: The curse of the eighth decade
Videos
d-none hideMe
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
10:43
Hezbollah's Radwan Force: Unraveling the military strategy that sparked Israeli concern
News Bulletin Reports
10:43
Hezbollah's Radwan Force: Unraveling the military strategy that sparked Israeli concern
2
Press Highlights
01:23
New dollar tax on household waste
Press Highlights
01:23
New dollar tax on household waste
3
Press Highlights
00:24
Will Macron visit South Lebanon amid heightened tensions?
Press Highlights
00:24
Will Macron visit South Lebanon amid heightened tensions?
4
Lebanon News
08:31
Hezbollah reports 'successful' strike on Israeli military gathering
Lebanon News
08:31
Hezbollah reports 'successful' strike on Israeli military gathering
5
Press Highlights
01:51
Hamas vanguard in Lebanon seeks to expand influence in camps
Press Highlights
01:51
Hamas vanguard in Lebanon seeks to expand influence in camps
6
Press Highlights
01:29
France prepares for Hochstein's mission
Press Highlights
01:29
France prepares for Hochstein's mission
7
Lebanon News
09:09
Hezbollah mourns two members from Hermel amid ongoing conflict
Lebanon News
09:09
Hezbollah mourns two members from Hermel amid ongoing conflict
8
Lebanon News
04:03
Regional Spokesperson for the US Department of State to LBCI: There is no link between border demarcation negotiations and the situation with Israel
Lebanon News
04:03
Regional Spokesperson for the US Department of State to LBCI: There is no link between border demarcation negotiations and the situation with Israel
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