Balady: International Monetary Fund: “Lebanon needs economic reforms”


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The IMF spokesperson said he believed the capital controls and deposit withdrawal proposals in Lebanon needed to be part of broader policy reforms.

The International Monetary Fund added: “It is not clear how the planned withdrawal of deposits will be financed given the sharp decline in foreign currencies in Lebanon in recent years.”

The Fund said that it does not see the need for Lebanon to implement the capital control law now without support or appropriate financial and other policies for the exchange rate.

in my country | BeLBaLaDy

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Source :” Egyptian today


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