Israeli forces remain in five points in Lebanon for what the IDF says is security purposes but Lebanese presidency says truce deal demands a full withdrawal
Back to news coming out of Lebanon. The country’s new government will negotiate with the International Monetary Fund for a new programme and will work to deal with the country’s financial default and public debt, according a policy statement – seen by Reuters – that has been approved by the cabinet. It also said the government would work towards an economic recovery achieved primarily through the reform of the banking sector.
Lebanon is still grappling with a crippling economic crisis, now in its sixth year, which destroyed its state electricity sector and left many in poverty unable to access their savings. The local currency lost much of its value and commercial banks severely restricted foreign currency withdrawals.
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