Economics
Lebanon Weighs IMF Help Over $1.2 Billion Eurobond Payment
- New cabinet under Diab wins vote of confidence in parliament
- Lebanon politicians divided over repayment of 2020 Eurobonds
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Lebanon needs the help of the International Monetary Fund to draft a rescue plan and decide whether to repay its $1.2 billion Eurobond maturing next month, a local newspaper cited a veteran politician and member of the ruling coalition as saying.
With the country facing its worst financial crisis in decades after months of protests, parliament Speaker Nabih Berri said Lebanon should form a task force comprising the premier, ministers of economy and finance as well as legal and financial experts, Annahar newspaper reported. The committee would begin work in parallel to making a request to the IMF.