Lebanese Cabinet approves economic recovery plan as final act – The National

Lebanese Cabinet approves economic recovery plan as final act – The National

Lebanon's Cabinet has approved a crucial economic recovery plan, in its final official meeting before it becomes a caretaker government, following last Sunday's parliamentary election.

The plan, which will need to be approved by the new parliament, is a critical demand from the International Monetary Fund in order for Lebanon to secure financial relief.

The IMF signed a staff-level deal with the Lebanese government last month that could eventually give the country's economy support to help pull it out of a devastating three-year economic collapse.