Finance
Lebanon Confident It Can Bridge Gaps With IMF on Recovery Plan
Beirut. The IMF, which is in talks with Lebanon on a loan program, is looking for a series of government measures before it will commit financing, prominent among them a restructuring of banks and the repaying of depositors.
Photographer: Hasan Shaaban/BloombergLebanon’s premier said his government can overcome differences with the International Monetary Fund over a proposed law that would let depositors recover billions of dollars trapped in the country’s beleaguered banking sector.
The IMF “want more clarifications on a number of matters,” Prime Minister Nawaf Salam told Bloomberg in an interview. “In my view, any observations and remarks constitute a gap that can be bridged.”