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Reuters
Reuters
Business
By Maya Gebeily

Lebanon has 'no other way out' than IMF deal, U.S. official says

International Monetary Fund Lebanon Barbara Leaf the International Monetary Fund Un United States
Retired Lebanese army officer holds Lebanese pound banknotes during a protest over the deteriorating economic situation in Beirut, Lebanon March 30, 2023. REUTERS/Emilie Madi

Lebanon has no alternative for economic recovery but to make progress on a deal with the International Monetary Fund, a senior U.S. official said on Thursday.

U.S. Assistant Secretary of State for Near Eastern Affairs Barbara Leaf visited Lebanon, which is suffering one of the world's worst financial meltdowns, according to the World Bank, on a regional trip earlier this month.

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