Lebanon bid for IMF deal hits snags ...Qatar

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Five months after Lebanon’s draft IMF deal raised hopes it could finally pull together an economic reform plan to address its financial meltdown, political and financial elites are obstructing prospects of securing any rescue package. Efforts to enact eight reforms sought by the IMF are going nowhere or falling short, hitting resistance from politicians who are shielding vested interests and dodging accountability. It means Lebanon will likely have little to present to the Fund’s annual board meeting in October to back its quest to unlock $3bn in aid, and adds to doubts over whether the government will ever come up with a plan to address the crisis. Last week, the IMF told the government th

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