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Lebanon set to request technical assistance from IMF

Lebanon set to request technical assistance from IMF

Submitted by • February 18, 2020 arab.news

The financial and economic crises that Lebanon suffers from can no longer be solved easily and have necessitated relatively harsh measures for the Lebanese, and the cost today is higher than before.The government of Prime Minister Hassan Diab, which won modest confidence in parliamentary votes on Tuesday night, faces its first financial obligation after 25 days, as Lebanon has to pay a domestic and external debt of $1.2 billion. The debt consists of treasury bonds issued by the Ministry of Finance in March 2010 for a period of 10 years, with an annual interest of 6.375 percent. The external debt is about $800 million, while the domestic debt is about $400 million.

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