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Jaber to sign agreement in Washington
Lebanon is expected to head to Washington next week to sign an agreement with the International Monetary Fund, a crucial step toward improving its financial and economic situation. The agreement aims to open up prospects for entering international markets and securing the necessary funding, especially after Lebanon defaulted on its sovereign debts in 2020 following the financial collapse. Currently, negotiations are underway regarding the financial discipline law and the recovery of deposits, with concerns that delaying the approval of the financial gap law could impact the signing of the agreement. Meanwhile, Lebanon is focusing on cooperating with the Central Bank to control liquidity and ensure financial stability, amid economic pressures and rising oil prices.
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