WASHINGTON: Lebanon must take urgent action on comprehensive economic reforms to avoid 'irreversible consequences' for its economy, the International Monetary Fund said on Thursday (Jun 8). IMF spokesperson Julie Kozack told reporters that IMF staff concluded an Article 4 consultation with Lebanese a
WASHINGTON: Lebanon must take urgent action on comprehensive economic reforms to avoid"irreversible consequences" for its economy, the International Monetary Fund said on Thursday .
"We are concerned about irreversible consequences for the economy, especially for the poor citizens of Lebanon and the middle class," she said. Kozack said IMF official Jihad Azour, a former Lebanese finance minister, was on temporary leave to avoid any perceived conflict of interest after his nomination by Lebanon's opposition, independent and main Christian parties to challenge Hezbollah-backed candidate Suleiman Franjieh for the presidency.
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