Behind the Scenes US Advice to Save Lebanon

The United States intends to provide Lebanon with advice to help it avoid being placed on the blacklist, after having been classified on the grey list over the past two years. The advice emphasizes the importance of the Lebanese government tackling the cash-based economy, which fuels corruption and terrorism financing, as a fundamental step toward improving its financial rating. The advice also points out that the International Monetary Fund’s conditions for Lebanon are not unfeasible, comparing them with the requirements faced by other countries dealing with financial crises and debt. It affirms that addressing the cash economy and implementing reforms are the key routes to achieving stability in Lebanon’s financial classification.

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