Friday, April 8, 2022

LEBANON PARLIAMENT READY TO AGREE LEGISLATION, REFORMS FOR IMF-BACKED PROGRAMME

 Cyprus Mail 8 April 2022 - by Reuters News Service



Lebanon’s parliament is ready “with great seriousness” to secure the necessary legislation and reforms to make a programme supported by the International Monetary Fund (IMF) a success, parliament speaker Nabih Berri said on Thursday.

The IMF said on Thursday it had reached a staff-level agreement with Lebanon for a four-year extended fund facility that would only get full approval from the fund if Beirut enacts a series of reforms.