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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

By

Dana Khraiche and

Netty Idayu Ismail

March 10, 2020, 7:23 AM UTCUpdated onMarch 10, 2020, 11:38 AM UTC

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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.