IMF reaches agreement on $3bn aid deal for Lebanon ...Kuwait

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IMF reaches agreement on $3bn aid deal for Lebanon
The IMF on Thursday announced it had reached a staff-level agreement to provide Lebanon with a $3 billion, 46-month financing program to help it emerge from an economic crisis, in a move that comes a few weeks before the May 15 legislative elections, crucial for the future of Lebanon. The International Monetary Fund (IMF) said on Thursday it had reached a staff-level agreement with Lebanon for a four-year extended fund facility that would however only get full approval from the fund if Beirut enacts a series of reforms. An agreement with the IMF is seen as vital for Lebanon to begin exiting a crippling economic and financial meltdown that marks its most destabilising c

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