LBCI

IMF says Lebanon needs comprehensive economic strategy, confirms loan request

Lebanon Economy

27-03-2025 | 12:41

Share

Share

IMF says Lebanon needs comprehensive economic strategy, confirms loan request

2^min

Lebanon needs a comprehensive strategy for rebooting its economy in order to access a program with the International Monetary Fund, with stress on data transparency, the fund said on Thursday.

"First and foremost, what is needed is a comprehensive strategy for economic rehabilitation," said fund spokesperson Julie Kozack in a press briefing.

She confirmed that the government had formally requested a new program during an IMF mission to Lebanon that took place earlier in March.

Kozack said the reform program should focus on fiscal and debt sustainability as well as a restructuring of the financial sector, reforms to governance and state-owned enterprises.

"Critically, it's going to be important to enhance data provision, to improve transparency and to inform policymaking," Kozack said.

Lebanese President Joseph Aoun said earlier this month that discussions with the IMF emphasized the need to finalize a loan program before the summer of 2025.

A more than five-year financial crisis has collapsed the Lebanese economy, compounded by last year's war between the armed group Hezbollah and Israel.

Reuters

Lebanon News

Lebanon Economy

Lebanon

International Monetary Fund

Transparency

Julie Kozack

Next

Who is Karim Souaid? Lebanon’s new central bank governor with major financial challenges ahead

Lebanon's bondholders select Houlihan Lokey as financial advisor for debt talks

Previous

Recommended For You

Another chance: Can Lebanon's Parliament pass key financial laws before IMF meetings in Washington?

News Bulletin Reports

2025-03-29

Another chance: Can Lebanon's Parliament pass key financial laws before IMF meetings in Washington?

Ahead of talks with IMF and World Bank: Can new BDL governor Karim Souaid deliver solutions?

News Bulletin Reports

2025-03-28

Ahead of talks with IMF and World Bank: Can new BDL governor Karim Souaid deliver solutions?

Lebanon's fuel prices increase

Lebanon Economy

2025-03-28

Lebanon's fuel prices increase

Who is Karim Souaid? Lebanon’s new central bank governor with major financial challenges ahead

News Bulletin Reports

2025-03-27

Who is Karim Souaid? Lebanon’s new central bank governor with major financial challenges ahead

Subscribe to our VOD

SUBSCRIBE

Our visitors readings

Israel strikes Hadath in Beirut's southern suburbs, marking first attack since ceasefire deal

2025-03-28

Israel strikes Hadath in Beirut's southern suburbs, marking first attack since ceasefire deal

Amid destruction, a fragile Eid spirit lingers in southern Lebanon

News Bulletin Reports

13:14

Amid destruction, a fragile Eid spirit lingers in southern Lebanon

Final night of 'Akram mn Meen' and 'Layali Zaman' brings big prizes to Forum De Beyrouth

09:09

Final night of 'Akram mn Meen' and 'Layali Zaman' brings big prizes to Forum De Beyrouth

Le Figaro: President Aoun says Israel violating ceasefire, Lebanon won’t resume flights with Iran for now

2025-03-28

Le Figaro: President Aoun says Israel violating ceasefire, Lebanon won’t resume flights with Iran for now

Videos

LBCI's Pierre El Daher bids farewell to Hoda Chedid: You will always be our guiding light

2025-03-23

LBCI's Pierre El Daher bids farewell to Hoda Chedid: You will always be our guiding light

Israeli official urges international support for Lebanese government and army

Middle East News

2025-03-19

Israeli official urges international support for Lebanese government and army

Israeli aircraft fly at low altitude over Beirut during Hezbollah's former leaders funeral

2025-02-23

Israeli aircraft fly at low altitude over Beirut during Hezbollah's former leaders funeral

Coffins of Sayyed Hassan Nasrallah and Hashem Safieddine enter Sports City Stadium (Video)

2025-02-23

Coffins of Sayyed Hassan Nasrallah and Hashem Safieddine enter Sports City Stadium (Video)

Tens of thousands gather at Sports City Stadium for farewell to Hezbollah’s former leader Nasrallah (Video)

2025-02-23

Tens of thousands gather at Sports City Stadium for farewell to Hezbollah’s former leader Nasrallah (Video)

Ahmad Hariri to LBCI: Future Movement returns to political arena to participate in all upcoming political events

2025-02-14

Ahmad Hariri to LBCI: Future Movement returns to political arena to participate in all upcoming political events

Saad Hariri holds series of diplomatic and religious meetings in Beirut

2025-02-13

Saad Hariri holds series of diplomatic and religious meetings in Beirut

LBCI monitors removal of barriers and barbed wire in Downtown Beirut

2025-02-13

LBCI monitors removal of barriers and barbed wire in Downtown Beirut

Armed robbery in Beirut's Hamra turns deadly as shop owner shoots fleeing robbers (Video)

2025-02-10

Armed robbery in Beirut's Hamra turns deadly as shop owner shoots fleeing robbers (Video)

Most read

24 hours

7 days

Month

Hezbollah's Qassem: Continued Israeli aggression would force Hezbollah to consider alternative responses

1

Hezbollah's Qassem: Continued Israeli aggression would force Hezbollah to consider alternative responses

Lebanese PM Nawaf Salam heads to Saudi Arabia for Eid prayers with Crown Prince Mohammed bin Salman

2

Lebanese PM Nawaf Salam heads to Saudi Arabia for Eid prayers with Crown Prince Mohammed bin Salman

Prime Minister Nawaf Salam joins Saudi crown prince for Eid prayers

3

Prime Minister Nawaf Salam joins Saudi crown prince for Eid prayers

US remarks on Lebanon's ceasefire violation and Israeli tensions raise questions: aimed at Lebanon or France?

4

US remarks on Lebanon's ceasefire violation and Israeli tensions raise questions: aimed at Lebanon or France?

Israel's military completes joint exercise to 'enhance readiness' on Lebanese border

5

Israel's military completes joint exercise to 'enhance readiness' on Lebanese border

Trump says 'there will be bombing' if Iran does not make nuclear deal

6

Trump says 'there will be bombing' if Iran does not make nuclear deal

Israeli army says forces entered new sites in Syria’s Mount Hermon

7

Israeli army says forces entered new sites in Syria’s Mount Hermon

Final night of 'Akram mn Meen' and 'Layali Zaman' brings big prizes to Forum De Beyrouth

8

Final night of 'Akram mn Meen' and 'Layali Zaman' brings big prizes to Forum De Beyrouth

Download now the LBCI mobile app

To see the latest news, the latest daily programs in Lebanon and the world

Google Play

App Store

Download now the LBCI mobile app

We use
cookies

We use cookies to make
your experience on this
website better.

Accept

Learn More