The IMF has called on Lebanon to adopt a unified financial reform programme to enhance economic recovery and investor confidence. During a meeting with President Aoun, their collaboration was emphasized as crucial for recovery. Additionally, Hezbollah’s Secretary General reaffirmed the group’s defense posture amidst ongoing tensions with Israel, highlighting the intertwined nature of economic and security issues in Lebanon.
The International Monetary Fund (IMF) has urged Lebanon to implement a unified financial reform programme to foster economic recovery and rebuild investor confidence. This recommendation was made during a meeting with Lebanese President Joseph Aoun at Baabda Palace in Beirut, where Ernesto Ramirez Rigo, head of the IMF mission, communicated the importance of a collaborative plan between Lebanese institutions and the IMF for expediting the country’s recovery.
President Aoun expressed gratitude for the IMF’s support and affirmed Lebanon’s commitment to enacting necessary reforms, emphasizing their importance as a national priority. In April 2022, the IMF had reached a staff-level agreement to provide Lebanon with $3 billion over a 46-month financing programme, contingent upon the country fulfilling specific reform measures.
In conjunction with the economic discussions, Hezbollah Secretary General Naim Qassem asserted that the group would not tolerate any Israeli presence in southern Lebanon, reaffirming Hezbollah’s strength and commitment to Lebanon’s defense. In a televised interview, Qassem pointed out that Hezbollah had paused operations during the ceasefire but remained prepared for military action, citing ongoing Israeli violations.
Qassem also reiterated Hezbollah’s commitment to maintaining national stability and governance, while endorsing the security forces’ exclusive authority over internal matters. Nonetheless, he emphasized the necessity of Hezbollah’s arms to counter the perceived existential threat from Israel, stating that “resistance is Lebanon’s right.”
In summary, the IMF’s call for a unified reform programme is essential for Lebanon’s economic recovery and the restoration of investor confidence. President Aoun’s commitment to reforms, coupled with Hezbollah’s strong stance on national security, outlines the complex interplay of economic and political factors currently influencing Lebanon. The situation highlights the importance of coordinated efforts among various stakeholders for achieving stability and progress in the country.
Original Source: www.thehansindia.com
