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Lebanon set to request technical assistance from IMF

Lebanon set to request technical assistance from IMF

Submitted by • February 20, 2020 arab.news

On Wednesday, Aoun warned that “everyone who reached out to the treasury will be tried according to the law before a special court specializing in financial crimes against public money.”

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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