Economics
Lebanon Says It’s In Contact With IMF Over Proposed Rescue Plan
- Draft economic-reform plan says Lebanon needs IMF funding
- Lebanon’s economy is expected to contract by 12% this year
A man buys fresh produce in the market of the historic part of the southern coastal city of Sidon, Lebanon, on April 6.
Photographer: Joseph Eid/AFP via Getty Images
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Lebanon has reached out to the International Monetary Fund to discuss its draft economic-rescue plan in the hope of getting aid after defaulting on its debt, Prime Minister Hassan Diab said.
“The finance ministry initiated contact with the IMF, from which we have positive feedback on the financial plan, taking into consideration first and foremost the interest of the Lebanese,” he said in a televised speech.