Economics
Pressure Piles on Lebanon as IMF Warns Implosion Accelerating
- Government seeks $10 billion loan program from IMF, donor aid
- Local currency plunged about 80% on the black market
Demonstrators light fires at a road block during an anti-government protest in Beirut, Lebanon, on July 1.
Photographer: Hasan Shaaban/BloombergThis article is for subscribers only.
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The International Monetary Fund warned Lebanon that its economic implosion is accelerating and told authorities to act urgently to pull the country back from crisis.