{"id":545041,"date":"2022-03-31T04:00:49","date_gmt":"2022-03-31T04:00:49","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/31\/lebanon-could-soon-land-imf-funding\/"},"modified":"2022-03-31T04:00:49","modified_gmt":"2022-03-31T04:00:49","slug":"lebanon-could-soon-land-imf-funding","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/31\/lebanon-could-soon-land-imf-funding\/","title":{"rendered":"Lebanon could soon land IMF funding"},"content":{"rendered":"

Lebanon is inching closer to an agreement with the IMF<\/strong> as it tries to claw its way out of a devastating financial and economic crisis, Bloomberg<\/a> reports, citing a senior official. The Lebanese government is hoping a visit from an IMF delegation to Beirut this week will end in inking an economic memorandum on measures the country needs to implement for the international lender to disburse up to USD 5 bn in aid. The country is facing runaway inflation and a currency crisis after defaulting on over USD 30 bn worth of debt last year, but authorities are crossing their fingers for a liferaft from the international lender ahead of May elections.<\/p>\n

Riyadh + Abu Dhabi want a formal security pact with the US:<\/strong> Saudi Arabia and the UAE are lobbying Washington to sign a formal security treaty that would provide them with military aid, Bloomberg<\/a> reports. This comes following several fresh attacks on Saudi oil facilities by the Iran-backed Houthi rebel group in Yemen.<\/p>\n","protected":false},"excerpt":{"rendered":"

Lebanon is inching closer to an agreement with the IMF as it tries to claw its way out of a devastating financial and economic crisis, Bloomberg reports, citing a senior official. The Lebanese government is hoping a visit from an IMF delegation to Beirut this week will end in inking an economic memorandum on measures […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7328],"tags":[222,72,272,108,622,127,219,90,117],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-545041","post","type-post","status-publish","format-standard","hentry","category-around-the-world","tag-around-the-world","tag-enterpriseam","tag-imf","tag-lebanon","tag-national-security","tag-politics","tag-saudi-arabia","tag-uae","tag-us","wpautop","entry"],"acf":{"mongo_id":"ed327050-5f81-45b5-b5cd-821d4c28301b","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[545015],"teaser":"","voice_url":""},"yoast_head":"\nLebanon could soon land IMF funding - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/31\/lebanon-could-soon-land-imf-funding\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lebanon could soon land IMF funding\" \/>\n<meta property=\"og:description\" content=\"Lebanon is inching closer to an agreement with the IMF as it tries to claw its way out of a devastating financial and economic crisis, Bloomberg reports, citing a senior official. 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The EFF aims to help Lebanon \u201crebuild the economy, restore financial sustainability, strengthen governance and transparency, and\u2026","rel":"","context":"In "AROUND THE WORLD"","block_context":{"text":"AROUND THE WORLD","link":"https:\/\/enterpriseam.com\/egypt\/category\/around-the-world\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":590296,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/17\/pakistan-gets-first-tranche-of-long-awaited-imf-bailout\/","url_meta":{"origin":545041,"position":1},"title":"Pakistan gets first tranche of long-awaited IMF bailout","author":"enterpriseam admin","date":"17 July 2023","format":false,"excerpt":"The UAE and Saudi Arabia deposited USD 3 bn in the country\u2019s central bank last week","rel":"","context":"In "AROUND THE WORLD"","block_context":{"text":"AROUND THE WORLD","link":"https:\/\/enterpriseam.com\/egypt\/category\/around-the-world\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/7\/563.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":543562,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/lebanon-could-see-massive-devaluation-amid-imf-rescue-talks-fuel-price-hikes-worsen-hardship-in-sudan\/","url_meta":{"origin":545041,"position":2},"title":"Lebanon could see massive devaluation amid IMF rescue talks + Fuel price hikes worsen hardship in Sudan","author":"enterpriseam admin","date":"7 February 2022","format":false,"excerpt":"Lebanon could see a 93% devaluation of its currency as part of a government plan seen by Reuters to tackle the country\u2019s devastating economic and financial crisis. The plan includes converting around three-quarters of the country\u2019s USD 104 bn in hard currency deposits into LBP, at rates that could wipe\u2026","rel":"","context":"In "AROUND THE WORLD"","block_context":{"text":"AROUND THE WORLD","link":"https:\/\/enterpriseam.com\/egypt\/category\/around-the-world\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":597996,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/12\/could-sharp-power-lending-reduce-the-need-for-further-imf-bailouts\/","url_meta":{"origin":545041,"position":3},"title":"Could \u2018sharp power lending\u2019 reduce the need for further IMF bailouts?","author":"enterpriseam admin","date":"12 May 2019","format":false,"excerpt":"NEW BUZZWORD: Could \u2018sharp power lending\u2019 reduce the need for further IMF bailouts? Sharp power lending is the latest buzzword for emerging powers handing out large bilateral loans to countries facing economic crises \u2014 and could be an alternative to traditional multilateral lending, sovereign debt analyst Timothy Ash writes in\u2026","rel":"","context":"In "THE MACRO PICTURE"","block_context":{"text":"THE MACRO PICTURE","link":"https:\/\/enterpriseam.com\/egypt\/category\/the-macro-picture\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/5\/2788.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":555313,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/09\/lebanon-could-secure-imf-support-by-the-end-of-the-month\/","url_meta":{"origin":545041,"position":4},"title":"Lebanon could secure IMF support by the end of the month","author":"enterpriseam admin","date":"9 November 2021","format":false,"excerpt":"Lebanon could secure IMF support by the end of the month: Lebanon\u2019s Prime Minister Najib Mikati said that the country has handed over its unified financial figures to the IMF, and that the revised financial recovery plan should be complete by the end of November, reports Reuters. Talks to secure\u2026","rel":"","context":"In "AROUND THE WORLD"","block_context":{"text":"AROUND THE WORLD","link":"https:\/\/enterpriseam.com\/egypt\/category\/around-the-world\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":549673,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/26\/bailing-out-the-world\/","url_meta":{"origin":545041,"position":5},"title":"Bailing out the world","author":"enterpriseam admin","date":"26 September 2022","format":false,"excerpt":"The IMF has never been this busy: IMF lending to struggling economies has climbed to a record high, with total loans \u2014 including those not yet disbursed \u2014 already at over USD 268 bn, the Financial Times reports. The fallout from the Russia-Ukraine war, the pandemic and a surge in\u2026","rel":"","context":"In "AROUND THE WORLD"","block_context":{"text":"AROUND THE WORLD","link":"https:\/\/enterpriseam.com\/egypt\/category\/around-the-world\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/545041","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=545041"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/545041\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/545015"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=545041"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=545041"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=545041"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=545041"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=545041"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}