SAWT BEIRUT INTERNATIONAL

| 26 September 2022, Monday |

Amount and terms of financing, Lebanon will receive from IMF.

The Institute of International Finance considers that the draft budget 2022 should have aimed at not borrowing from the banking system, but rather to achieve a small primary surplus of 0.5% of GDP instead of a primary deficit of 1.5% of GDP, as achieving a primary surplus, sends a strong signal to private investors and the international community, that the authorities are now determined to implement the reforms required , starting with generating additional revenue.

The Institute of International Finance hopes politicians will put their differences aside, and agree soon on a revised budget that takes into account IMF proposals. To shed light on this topic, we are joined directly from the United States, by the Chief Economist for the Middle East and North Africa at the Institute of International Finance, Gherbis Iradian.

    Source:
  • Sawt Beirut International