BEIRUT As accelerating poverty fuels anger, despair and fear of a social explosion, efforts by Lebanon's ruling elite to salvage the country from a financial meltdown with IMF help seem to be going in reverse.
BEIRUT Lebanon has scant chance of securing badly needed aid from the International Monetary Fund as the government fails to enact reforms demanded by donors to address its financial crisis, opposition politician Samir Geagea said on Friday.
BEIRUT, May 29 Lebanon has scant chance of
securing badly needed aid from the International Monetary Fund
as the government fails to enact reforms demanded by donors to
address its financial crisis, opposition politician Samir Geagea
said on Friday.
BEIRUT A recovery plan Lebanon is negotiating with the IMF expertly diagnoses the bankrupt state's colossal losses but fails to commit to radical reform, the vital ingredient needed for a financial bailout of the country's sinking economy.
BEIRUT One of the Arab world's oldest universities faces its worst crisis since its foundation, with huge losses, staff cuts and an uphill battle to stay afloat as Lebanon's economic meltdown and the coronavirus pandemic hit revenues.
BEIRUT The Lebanese government must swallow its misgivings and reach a rescue deal with the International Monetary Fund (IMF) or risk economic implosion and further turmoil, economists, diplomats and politicians said.
BAGHDAD (Reuters)- - A month after a U.S. missile killed him, Qassem Soleimani looms as large over Iraq's fractured democracy as he ever did alive.
BEIRUT Carlos and Carole Ghosn, the former first couple of carmaker Nissan, are united again in Beirut. They hold hands in the street and whisper together in a mix of Arabic and French. They kiss. | Video
BEIRUT Lebanon's sovereign debt is probably going to be restructured in a way that hurts neither the economy nor depositors, and foreign holders will be repaid, the banking association head said on Monday.
BEIRUT Carlos Ghosn, speaking publicly for the first time since his dramatic escape from Japanese justice, said on Wednesday he had been treated "brutally" by Tokyo prosecutors and was the victim of an inside job to oust him from the helm of automaker Nissan. | Video