IMF to Consider Granting Lebanon $900 Million in August

The International Monetary Fund on Wednesday informed Caretaker Finance Minister Ghazi Wazni that it may consider allocating $900 million to Lebanon in August to boost the Central Bank’s foreign currency reserves.

A statement by the Finance Ministry said Wazni had been informed that the executive board of the IMF had discussed the proposal to allocate Special Drawing Rights (SDR) to member states, amounting to $650 billion, to be referred to the board of governors, which will study it in July.

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