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Lebanon Resumes IMF Talks And Seeks ‘Fair’ Debt Solution

International Monetary Fund IMF
Photographer: Andrew Harrer/Bloomberg

Lebanon has resumed talks with the International Monetary Fund and is committed to seeking a “fair and comprehensive” solution for its creditors, the finance ministry said on Monday. 

Lebanon began bailout talks with the IMF after defaulting on its international bonds in 2020 and drafted a plan to restructure its entire $90 billion debt stock. But there’s been scant progress in the past 18 months due to a prolonged political deadlock.