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
27
o
Bekaa
20
o
Keserwan
28
o
Metn
28
o
Mount Lebanon
23
o
North
28
o
South
26
o
Live
Video
Audio
Schedule
shows
العربية
watching now
Al Arbaji - Season 2
SUBSCRIBE
Home
Notification
Live
Video
Audio
shows
Beirut
27
o
Bekaa
20
o
Keserwan
28
o
Metn
28
o
Mount Lebanon
23
o
North
28
o
South
26
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
Series
Movies
Documentaries
Variety
Comedy
Talk Show
News Bulletin
Sports
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
Mikati follows in Berri footsteps in torpedoing IMF agreement
Press Highlights
21-02-2023 | 02:52
High views
Share
Share
4
min
Mikati follows in Berri footsteps in torpedoing IMF agreement
After Speaker Nabih Berri failed to "detail" an agenda for a legislative session to extend the mandate of General Security chief Major General Abbas Ibrahim, sources close to the March 8 alliance did not hide their regret for the state that this alliance has reached.
The same sources acknowledged that the level of mistrust between allies appears to have gotten out of hand, especially in light of the intensification of the presidential dispute between Hezbollah and the Free Patriotic Movement.
This dispute spread to the government and parliament, preventing legislation from extending Ibrahim's term. On the other hand, they confirmed that the "duo" is currently attempting to complete this task through the government, whose head, Najib Mikati promised to look for "the necessary legal and administrative exits for it."
Mikati approaches the different files and tasks in a manner that "follows in the footsteps of" Berri, the most important of which is the task of "blowing up" the agreement with the International Monetary Fund.
This article is originally published in, translated from Lebanese newspaper Nidaa al-Watan.
What the caretaker prime minister intended, or at least what he discusses with only "a few" politicians and economists, has now captured the interest of most of those who follow the development of the agreement with the fund...
The secret did not last long before Deputy Speaker Elias Bou Saab revealed by saying that "the final agreement with the fund is no longer close to being reached, as the differences are great," especially on how to involve the state in returning the most significant part of deposits, exempting banks from bearing this heavy responsibility, and entrusting the political class to dispose of the state's assets under the title of "sacred deposits."
Sources following the course of implementing the terms of the agreement with the fund recount how Berri told Mikati on October 19 that the "parliament is the master of itself. I don't follow orders from anyone, and neither the IMF nor anyone else has control over the country."
Leaving loopholes in the Banking Secrecy Law amendments that were not approved by the fund and finishing a draft law to control withdrawals and transfers (capital control) in joint committees that did not have the fund's approval are two additional examples of Mikati's cooperation with Berri and several deputies in this regard.
What's worse is that Mikati was quick to follow Riad Salameh, Governor of the Banque du Liban, in making risky detours on the preconditions of the agreement.
The most prominent of these was maintaining multiple exchange rates, leaving Salameh the freedom to do "what he sees fit" in terms of restructuring the banks and not pressuring minister of finance Youssef Khalil to accelerate the tax reform required by the fund, specifically increasing the collection from the affluent and the rich, whether their wealth and investments are at home or abroad.
Well-informed sources told Nidaa al-Watan that Mikati "is missing a valuable opportunity for financial rescue through the IMF" in his typical manner of rounding corners.
The strangest thing is that he claims otherwise whenever he meets an Arab or international officials or ambassadors from the five countries that met earlier this month in Paris to discuss the Lebanese situation politically and economically.
The same sources pointed out that Mikati "distracts attention from his agenda in this field by focusing on holding the Aounists accountable for obstruction and impeding the reforms."
Breaking Headlines
Lebanon News
Press Highlights
Mikati
Berri
IMF
Lebanon
Next
President Aoun: Reforms, stability will bring investors back to Lebanon
Recommended For You
d-none hideMe
0
Press Highlights
2025-05-01
President Aoun: Reforms, stability will bring investors back to Lebanon
Press Highlights
2025-05-01
President Aoun: Reforms, stability will bring investors back to Lebanon
Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
0
Lebanon News
11:43
PM Salam says Lebanon formally requested United Nations to renew UNIFIL's mandate
Lebanon News
11:43
PM Salam says Lebanon formally requested United Nations to renew UNIFIL's mandate
0
Middle East News
2025-05-29
Syria signs $7 billion power deal with Qatar's UCC Holding-led consortium
Middle East News
2025-05-29
Syria signs $7 billion power deal with Qatar's UCC Holding-led consortium
0
Lebanon News
2025-04-30
France calls on Israel to exercise "maximum restraint" in Lebanon
Lebanon News
2025-04-30
France calls on Israel to exercise "maximum restraint" in Lebanon
0
Lebanon News
2025-05-02
MP Salim Sayegh says Kataeb Party backs ‘sovereign’ candidates in municipal elections
Lebanon News
2025-05-02
MP Salim Sayegh says Kataeb Party backs ‘sovereign’ candidates in municipal elections
Videos
d-none hideMe
0
Lebanon News
13:39
Massive fire erupts at unregulated dumpsite in Bchannine, Zgharta district
Lebanon News
13:39
Massive fire erupts at unregulated dumpsite in Bchannine, Zgharta district
0
Lebanon News
2025-06-10
Clash between Lebanese Army and residents of Deir Qanoun Al Nahr results in injuries (Video)
Lebanon News
2025-06-10
Clash between Lebanese Army and residents of Deir Qanoun Al Nahr results in injuries (Video)
0
Lebanon News
2025-06-04
Mexico dedicates garden around Lebanese Emigrant Statue in Beirut to mark 80 years of diplomatic ties
Lebanon News
2025-06-04
Mexico dedicates garden around Lebanese Emigrant Statue in Beirut to mark 80 years of diplomatic ties
0
Lebanon News
2025-05-19
President Aoun to seek Egyptian support for Lebanese Army in detecting explosives and tunnels
Lebanon News
2025-05-19
President Aoun to seek Egyptian support for Lebanese Army in detecting explosives and tunnels
0
Lebanon News
2025-05-15
LBCI Exclusive: US steps up pressure on Hezbollah, Morgan Ortagus details sanctions and vision for Lebanon's future
Lebanon News
2025-05-15
LBCI Exclusive: US steps up pressure on Hezbollah, Morgan Ortagus details sanctions and vision for Lebanon's future
0
Lebanon News
2025-05-11
Kuwait rolls out official welcome for Lebanon's President Aoun – video
Lebanon News
2025-05-11
Kuwait rolls out official welcome for Lebanon's President Aoun – video
0
Lebanon News
2025-05-11
Security incidents temporarily disrupt voting in several Akkar and Minieh-Danniyeh centers
Lebanon News
2025-05-11
Security incidents temporarily disrupt voting in several Akkar and Minieh-Danniyeh centers
0
News Bulletin Reports
2025-05-09
EU ambassador says 'we are not just donors, but genuine partners to Lebanon': Insights from exclusive LBCI interview
News Bulletin Reports
2025-05-09
EU ambassador says 'we are not just donors, but genuine partners to Lebanon': Insights from exclusive LBCI interview
0
Lebanon News
2025-04-23
US envoy Morgan Ortagus hails Lebanese diaspora, says country stands at a crossroads
Lebanon News
2025-04-23
US envoy Morgan Ortagus hails Lebanese diaspora, says country stands at a crossroads
Most read
d-none hideMe
24 hours
7 days
Month
1
Lebanon News
10:24
Lebanon drafts reply to US demand for Hezbollah to disarm: Sources tell Reuters
Lebanon News
10:24
Lebanon drafts reply to US demand for Hezbollah to disarm: Sources tell Reuters
2
Lebanon News
07:17
MEA adjusts flight schedule for July 2, 3, and 4 due to operational reasons
Lebanon News
07:17
MEA adjusts flight schedule for July 2, 3, and 4 due to operational reasons
3
Lebanon News
05:58
Lebanon’s FM says better Syrian economy will benefit Beirut
Lebanon News
05:58
Lebanon’s FM says better Syrian economy will benefit Beirut
4
Lebanon News
05:43
Parliament approves grant for active and retired military personnel
Lebanon News
05:43
Parliament approves grant for active and retired military personnel
5
News Bulletin Reports
13:10
Tense session: Lebanese Parliament passes key loan agreements and military grants
News Bulletin Reports
13:10
Tense session: Lebanese Parliament passes key loan agreements and military grants
6
Lebanon News
02:51
Child injured in Israeli airstrike near Jabal el Ahmar, health center reports
Lebanon News
02:51
Child injured in Israeli airstrike near Jabal el Ahmar, health center reports
7
Lebanon News
05:06
Quorum secured as 65 MPs arrive for Tuesday's session
Lebanon News
05:06
Quorum secured as 65 MPs arrive for Tuesday's session
8
News Bulletin Reports
12:58
Border situation: Rumors of foreign militants on Lebanon's border dismissed
News Bulletin Reports
12:58
Border situation: Rumors of foreign militants on Lebanon's border dismissed
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