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Reuters
Reuters
Business
Timour Azhari and Laila Bassam

Lebanon may not enact IMF reforms before election, lawmakers say

FILE PHOTO: Lebanese President Michel Aoun, Prime Minister Najib Mikati and officials meet with a delegation from the International Monetary Fund at the presidential palace in Baabda, Lebanon April 7, 2022. Dalati Nohra/Handout via REUTERS/File Photo

Lebanon won't be able to deliver many if any reforms sought by the IMF as conditions for a funding deal before an election in May, two lawmakers said, meaning months could go by without action as that vote may well be followed by political limbo.

The IMF announced the draft funding deal on Thursday, but said its board would not decide on whether to approve it until Beirut enacts a batch of reforms including measures which ruling factions have long failed to deliver.

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