Lebanon faces ‘dead end’ as IMF package remains distant

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Lebanon faces ‘dead end’ as IMF package remains distant

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(200810) -- BEIRUT, Aug. 10, 2020 (Xinhua) -- Lebanese Prime Minister Hassan Diab delivers a televised speech in Beirut, capital of Lebanon, Aug. 10. 2020. Lebanon's Prime Minister Hassan Diab on Monday announced the resignation of his government, after deadly explosions in capital Beirut that have triggered anti-government protests. (Dalati & Nohra/Handout via Xinhua) | unreguser/Xinhua News Agency/PA Images

Monday’s resignation of Lebanon’s government in the wake of last week’s blast in Beirut has intensified angst among market spectators over the country’s future. IMF assistance hinges on the new government being reformers, and investors are being urged to be patient through what is expected to be a rocky restructuring process.

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