Source: Reuters
Monday 16 December 2019 18:03:16
“Without technical and financial support from the IMF, World Bank and international donors, a scenario of extreme macroeconomic instability - in which a debt restructuring occurs with an abrupt detribalization of the currency peg, resulting in very large losses for private investors - is increasingly likely,” the ratings agency said in a note.
Caretaker prime minister Saad al-Hariri discussed on Thursday the possibility of technical assistance from the IMF and World Bank in drawing up a plan to rescue the economy from a worsening crisis.