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Reuters
Reuters
Business
By Maya Gebeily

IMF: Lebanon in 'very dangerous situation' with reforms stalled

International Monetary Fund's Mission Chief to Lebanon Ernesto Rigo, attends a news conference in Beirut, Lebanon March 23, 2023. REUTERS/Mohamed Azakir

The International Monetary Fund warned on Thursday that Lebanon was in a very dangerous situation a year after it committed to reforms it has failed to implement and said the government must stop borrowing from the central bank.

IMF mission chief Ernesto Rigo told a news conference in Beirut that the authorities should accelerate the implementation of conditions set for a $3 billion bailout.

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