The IMF has called for a coordinated reform program in Lebanon to aid economic recovery and boost investor confidence. During discussions with President Aoun, the IMF outlined the need for a structured plan in collaboration with local institutions. President Aoun reaffirmed Lebanon’s commitment to urgent reforms while Hezbollah emphasizes defense readiness against Israel.
The International Monetary Fund (IMF) has urged Lebanon to adopt a cohesive financial reform program to enhance economic recovery and rekindle investor confidence. During a meeting with Lebanese President Joseph Aoun in Beirut, Ernesto Ramirez Rigo, the IMF mission head, articulated the IMF’s strategic vision to help Lebanon overcome its economic and financial turmoil. He emphasized that a collaborative reform plan, jointly crafted with Lebanese institutions, would expedite recovery efforts.
President Aoun expressed gratitude for the IMF’s support, reiterating Lebanon’s commitment to implementing the essential reforms he deems a national priority alongside international expectations. The IMF reached a preliminary agreement with Lebanon in April 2022, proposing a $3 billion financing initiative over 46 months, contingent upon the execution of designated reform measures for the release of funds.
Concurrently, Hezbollah’s Secretary General Naim Qassem asserted the organization’s unwavering stance against Israeli presence in southern Lebanon. In a recent televised address, Qassem communicated that Hezbollah maintains military readiness, even after the ceasefire, while asserting the necessity of its arms to tackle threats posed by Israel. He stressed that Israel constitutes an existential danger, championing the right of resistance as fundamental for Lebanon’s sovereignty and stability.
In summary, the IMF is advocating for a unified reform agenda in Lebanon to foster economic recovery and restore confidence from investors. The success of this initiative hinges on cooperation between Lebanese institutions and the IMF, amidst ongoing security challenges posed by external threats. Unity in reform and national governance remains paramount for Lebanon’s path forward as emphasized by both the IMF and local leadership.
Original Source: www.socialnews.xyz
