Lebanese President urges IMF to conclude aid deal with Beirut

World Friday 22/July/2022 09:18 AM
Lebanese President urges IMF to conclude aid deal with Beirut

Beirut: Lebanese President Michel Aoun on Thursday urged the International Monetary Fund (IMF) to conclude the aid agreement with the crisis-ridden country, saying Lebanon has been adopting the needed structural reforms.

The Lebanese president made the remarks during his meeting in Beirut with Pierre Duquesne, French presidential envoy for coordinating international support to Lebanon, said a presidential statement.

Aoun said he hoped that Lebanon can form a new government dutiful in unifying the exchange rate, following up on the "forensic audits" into the financial sector, and dealing with banks' losses fairly.

"This would restore confidence in Lebanon and motivate international institutions to support the country," he said.

Duquesne, for his part, said France will encourage donor countries and international institutions to support Lebanon's infrastructure to foster job opportunities and curb immigration.

Lebanon has been suffering from an unprecedented financial crisis in the past years and needs quick legislation in the parliament to facilitate the government's recovery plan.