The IMF has urged Lebanon to adopt a unified financial reform program to aid its economic recovery, a call made during discussions with President Aoun. The organization stresses coordinated efforts with local institutions are crucial. Meanwhile, Hezbollah has reiterated its stance against Israeli presence in southern Lebanon, underscoring its military readiness and commitment to national stability.
The International Monetary Fund (IMF) has called on Lebanon to implement a unified financial reform program to enhance economic recovery and restore investor confidence. This plea was made during a meeting with Lebanese President Joseph Aoun at Baabda Palace in Beirut. Ernesto Ramirez Rigo, head of the IMF mission, emphasized that cooperation between the IMF and local institutions is essential for Lebanon to address its financial and economic crisis.
President Aoun expressed gratitude to the IMF for its support and reaffirmed Lebanon’s commitment to making the necessary reforms a priority, deeming them vital for national interests as well as international obligations. In April 2022, the IMF had reached an agreement to provide Lebanon with $3 billion in financing, contingent upon the adoption of a series of reform measures.
In related news, Hezbollah Secretary General Naim Qassem has declared that the organization will not allow Israeli presence in southern Lebanon, citing persistent Israeli violations of the ceasefire agreement. During a televised interview, he stated that Hezbollah is prepared militarily while endorsing the authority of internal security forces.
Qassem emphasized that Hezbollah’s arms are vital for responding to the existential threat posed by Israel, asserting, “Resistance is Lebanon’s right.” He also reaffirmed the group’s commitment to national stability and governance amidst ongoing tensions in the region.
In conclusion, the IMF’s push for a unified financial reform in Lebanon is critical for the country’s economic recovery and regaining investor trust. The response from President Aoun indicates a willingness to prioritize these reforms. Furthermore, Hezbollah’s statements reflect the ongoing security challenges Lebanon faces, primarily concerning its stance against Israel. Together, these elements paint a complex picture of Lebanon’s current political and economic landscape.
Original Source: www.thehansindia.com
