Lebanon faces ‘dead end’ as IMF package remains distant

By Mariam Meskin
11 Aug 2020

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.

The resignation of prime minister Hassan Diab on Monday night came less than a week after a huge explosion at Beirut’s port, which the departing premier said was the result of a “system of corruption”. Wide-scale protests erupted across Beirut after the explosion, which killed at least 160 ...

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