IMF urges Lebanese to unite around government financial rescue plan – ZAWYA

IMF urges Lebanese to unite around government financial rescue plan – ZAWYA

IMF urges Lebanese to unite around government financial rescue plan | ZAWYA MENA Edition HomeEconomyLevantArticleIMF urges Lebanese to unite around government financial rescue plan The talks have been bogged down by a row over the scale of financial losses    The International Monetary Fund (IMF) headquarters in Washington, U.S., is seen on April 8, 2019.DUBAI- The International Monetary Fund urged Lebanese authorities on Monday to unite around a government rescue plan and warned that attempts to lower losses from the financial crisis could only delay recovery.The government's rescue plan has served as the cornerstone of talks with the IMF and maps out massive losses in the financial system.The talks have been bogged down by a row over the scale of financial losses that has embroiled the government, the central bank, commercial banks and lawmakers from Lebanon's main political parties. "It is very important that the authorities unite around the government plan. From our side, we are ready to work together with the authorities to improve the plan where this is necessary," said Athanasios Arvanitis, deputy director of the IMF's Middle East and Central Asia Department.The government's rescue plan has served as the cornerstone of talks with the IMF and maps