In its latest assessment, the International Monetary Fund (IMF) expressed pessimism about the slow pace of restoring the Lebanese economy, in light of the stalemate of reforms that, if implemented as required, will help keep the country out of chronic problems. The IMF noted that the economic reforms, implemented by the Lebanese Ministry of Finance and the Central Bank, are insufficient to help pull the country out of its economic crisis.
Ernesto Ramirez Rigo, head of the IMF mission visiting Lebanon, said: "The ongoing refugee crisis in Lebanon, the fighting with Israel on its southern border, and the spillover of the war in Gaza are exacerbating the already dire economic situation."
Source (Al-Arab Newspaper of London, Edited)
