Lebanon’s advisers to work on compromise on financial plan, sources say – ZAWYA

Lebanon’s advisers to work on compromise on financial plan, sources say – ZAWYA

lebanon's advisers to work on compromise on financial plan, sources say the plan, which anticipates vast losses in the financial system, has been undermined by objections from lebanon's ruling elite, obstructing imf talks aimed at rescuing the country from a financial meltdown    lebanese pound banknotes are seen at a currency exchange shop in beirut, lebanon june 15, 2020. image used for illustrative purpose.beirut  - lebanon's financial adviser lazard will see if a government financial rescue plan can be adjusted to reach a compromise workable for the international monetary fund, two sources said on friday, after the plan hit resistance from politicians, banks and the central bank.the plan, which anticipates vast losses in the financial system, has been undermined by objections from lebanon's ruling elite, obstructing imf talks aimed at rescuing the country from a financial meltdown.prime minister hassan diab's government had approved the plan, which would lead to losses of 241 trillion lebanese pounds in the financial system, or $68.9 billion at the exchange rate applied by the plan, as the basis for talks with the imf.the plan, which anticipates vast losses in the financial system, has been undermined by objections from lebanon's ruling elite, obstructing imf talks aimed