Finance Ministry: Government started today formal negotiations with IMF on financial recovery plan

Wed 13 May 2020 at 19:30 Economy

 

NNA - The Ministry of Finance on Wednesday announced in a statement that "the Lebanese government has kicked off today formal negotiations with the International Monetary Fund to discuss the financial recovery plan set by the government.

Finance Minister, Dr. Ghazi Wazni, is administering these talks, following preliminary discussions he held on Monday (May 11, 2020) with representatives of the International Monetary Fund.

A team of the Ministry of Finance and the Central Bank of Lebanon are participating in these talks, in the presence of representatives of the President’s Office and the Prime Minister’s Office.

It is to note that these talks are organized through “video-conferencing.”

Minister Wazni said: "The Lebanese government and the International Monetary Fund have completed the first phase of talks aimed at reaching an agreement that will put again the Lebanese economy on the right track,” adding "We are satisfied with the atmosphere of the preliminary discussions, and we expect that the upcoming discussions will be equally constructive."

 

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