The International Monetary Fund (IMF) said on Thursday it had reached a draft funding agreement with Lebanon - but that Beirut needed to enact a batch of economic reforms first before its board decided whether to approve the deal.
An IMF deal is widely seen as vital for Lebanon to begin recovery from an economic meltdown that has devastated the country since 2019, locking savers out of their deposits, sinking the currency, and causing poverty to soar, in the country's worst crisis since its 1975-90 civil war.
