Fund's delegation ends visit with praise and cautions

The IMF mission in Beirut concluded its four-day visit, praising the government's progress in reforming the banking sector and the public budget, while warning of the necessity to maintain fiscal discipline in the short term. The mission emphasized the importance of passing laws to increase taxes and unify expenditures, especially by raising the value-added tax, to fund salary hikes and pension increases. It also stressed the need to ensure that depositors do not suffer losses before shareholders and creditors. Additionally, the mission commended the government's efforts to maintain financial and economic stability despite the challenges, with a reassurance that reforms will be implemented in accordance with international standards.

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