Kulluna Irada meets with IMF delegation to discuss Lebanons economic crisis and calls for genuine reform

Kulluna Irada meets with IMF delegation to discuss Lebanons economic crisis and calls for genuine reform

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2023-03-21 | 06:52

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Kulluna Irada meets with IMF delegation to discuss Lebanon's economic crisis and calls for genuine reform

Kulluna Irada met with a delegation from the International Monetary Fund (IMF) visiting Lebanon as part of the Article IV mission that requires conducting annual bilateral discussions with member countries to gather necessary economic and financial information. 

According to a statement, the fate of the commitments made by the Lebanese government under the agreement on employees signed with the IMF about a year ago in April 2022 was also discussed in the meeting.

During the meeting, Kulluna Irada highlighted that the ruling class has shown a lack of seriousness in reaching an agreement with the IMF, and has been using negotiations as a means to buy time while being eager to implement a shadow plan. The ruling class seeks to undermine any step towards implementing reforms and follows all delaying tactics to keep its commitments as just ink on paper. 

"This indicates a lack of real intention to reform and facilitate the implementation of the four-year IMF program. Instead, it implements a shadow plan that involves diluting deposits, imposing more austerity measures on the weakest classes, affecting the prospects of recovery in Lebanon, and the