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IMF says Lebanon needs fiscal framework, strategy for fixing banking sector

03 Dec 2020 / 04:58 H.

    WASHINGTON, Dec 2 (Reuters) - The International Monetary Fund is committed to helping Lebanon implement needed reforms, but the country still needs a coherent fiscal framework and a credible strategy to rehabilitate its banking sector, IMF chief Kristalina Georgieva said on Wednesday.

    Georgieva told a video conference the IMF's efforts to develop a comprehensive stabilization and reform program had not "gone very far" in recent months given the lack of an empowered Lebanese government, but she was encouraged by global support being offered at the conference.

    (Reporting by Andrea Shalal Editing by Chris Reese)

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