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Asharq Al-Awsat
Asharq Al-Awsat
World
Asharq Al-Awsat

IMF: Lebanon is in 'Very Dangerous Situation'

Ernesto Rigo, the head of an International Monetary Fund mission to Lebanon, speaks during a press conference in Beirut, Lebanon, Thursday, March 23, 2023. AP

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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