Four years into crisis: Lebanon s leaders bet on tourism and gas, ignore reforms naharnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from naharnet.com Daily Mail and Mail on Sunday newspapers.
Four years into its historic economic meltdown, Lebanon’s political elites, masters at survival, are pushing for a recovery that would sidestep tough reforms demanded by the International Monetary Fund. Economic experts and former officials involved in designing Lebanon’s original IMF-approved recovery plan in 2020 say the political leadership and associates in the banking sector are deliberately implementing a “shadow plan” to torpedo the deal and place the burden of bailing out the financial system on ordinary Lebanese who are already impoverished by the crisis.
A delegation from the International Monetary Fund concluded its visit to Lebanon on March 23 and issued a statement summing up its mission & pointing out the parties responsible for hindering financial recovery.These parties include the Central Bank for increasing liquidity in Lebanese pounds an