| 26 May 2024, Sunday |

IMF made an important remark addressing the accounting of losses in the Lebanese financial sector

The International Monetary Fund’s head of communications, Jerry Rice, stated that “the fund’s staff has seen the estimates of losses reached by the Lebanese government and is in the process of reviewing them.”

“There has been amazing progress in quantifying losses in the financial sector,” Rice said, adding that any evaluation of these losses must interact with a comprehensive reform project and a strategy to solve the economic and financial crisis.

It is worth noting that international financial sources confirmed to Sawt Beirut International that the International Monetary Fund delegation’s visit at the beginning of this month was part of the new head of mission’s introduction to the heads of state, and that the negotiations are still in their early stages, emphasizing that the International Monetary Fund will not deposit “a penny.”

  • Sawt Beirut International