Baabda: Lebanon to Get $860 Million from IMF Soon

The International Monetary fund will give $860 million to Lebanon over the coming two months, a statement from the president’s office said Wednesday, in a boost for the cash-strapped government as the economic crisis brings misery to the country.

President Michel Aoun Wednesday morning met with the Lebanon director of the IMF, Mahmoud Mohieldin, to discuss the IMF’s financial support to Lebanon along with an economic recovery plan.

“Mohieldin informed President Aoun that the International Monetary Fund would allocate to Lebanon the equivalent of $860 million,” the statement said. The pay package comes within a wider IMF program "Special Drawing Rights" which will see a total of $650 billion distributed among 190 member states during the next two months.

Read the Full Article at the Daily Star: https://bit.ly/3wz9aH2