Lebanon aims to adopt long-delayed IMF reforms in October ...Kuwait

News by : (The New Arab) -
Crisis-hit Lebanon hopes to adopt key reforms demanded by the International Monetary Fund for a long-delayed but urgently needed bailout before the end of next month if there is "political will", Lebanon’s caretaker economy minister said Tuesday. Amin Salam spoke to The Associated Press after meeting with an IMF delegation that has been visiting Lebanese officials since Monday. The reforms would include restructuring the country's banking system and banking secrecy laws. The small Mediterranean nation has been in the grips of a three-year severe economic crisis that has left three quarters of its population in poverty after the Lebanese pound lost more than 90 percent

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