Lebanese President Urged IMF To Conclude Aid Deal With Lebanon

BEIRUT, Lebanese President, Michel Aoun, yesterday, urged the International Monetary Fund (IMF) to conclude the aid agreement with the country, saying, Lebanon has been adopting the needed structural reforms.

The Lebanese president made the remarks during his meeting in Beirut with Pierre Duquesne, French presidential envoy for coordinating international support to Lebanon, said a presidential statement.

Aoun said, he hoped that Lebanon can form a new government, dutiful in unifying the exchange rate, following up on the “forensic audits” into the financial sector, and dealing with banks’ losses fairly.

“This would restore confidence in Lebanon and motivate international institutions to support the country,” he said.

Duquesne, for his part, said, France will encourage donor countries and international institutions to support Lebanon’s infrastructure, to foster job opportunities and curb immigration.

Lebanon has been suffering from an unprecedented financial crisis in the past years and needs quick legislation in parliament, to facilitate the government’s recovery plan.

Source: Nam News Network