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Default-Bound Lebanon Readies Pitch to IMF That Avoids Pain

  • Government says it would freeze payment on $1.2 billion note
  • Minister says inflows expected to drop sharply in 2020, 2021
Buildings stand in Beirut.

Buildings stand in Beirut.

Photographer: Patrick Baz/AFP via Getty Images

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Lebanon will present what it considers a conclusive economic and financial plan to the International Monetary Fund as it prepares for talks with creditors after announcing it would freeze a Eurobond payment, according to Finance Minister Ghazi Wazni.