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Along with the start of discussions with the International Monetary Fund, there are those who seek strengths and weaknesses in the Lebanese position, which is measured by an international and internal balance. In the first, it is no secret to anyone what the Corona epidemic has attributed to the Fund’s great responsibilities, while the second was manifested by the loss of the national consensus on the economic plan. Will this hamper the safety of Beirut’s road to the bottom? How and why?
Many experts, especially those who dealt with monetary and financial affairs, did not believe that the government agreed to go to the International Monetary Fund to get out of the impasse in the country, since it decided in early March to stop paying the quotas of ” Eurobonds “to their holders of external financial investment institutions. And those in the interior, including the Bank of Lebanon and its banks. It is the obligatory crossing gate that Lebanon no longer has to find a way out of the tunnel in light of the financial and monetary blockade that donor states, international organizations and institutions have hit to finance the treasury and support the government to break the deadlock. current.
Lebanon is one of the founding countries of the IMF and has a modest participation in it, although it is not measured by the size of other international actions in light of the western and American dominance of its management and leadership structure that leads it in financial missions. international. This places it somewhere compared to the size of the Lebanese crisis, along with the countries that “punish” the Lebanese authority, as it deviated from the performance of what is required of it, and the Lebanese government and the exit of the government of the strategic options that made it a safe area, in the context of being one of the groups of countries that She committed to the Declaration of Jeddah (July 11, 2014) that led to the formation of the “Alliance International Against Terrorism “and became a participant in its conferences and in announcing its commitment to the policy of” distancing itself “in light of the bloodshed that was taking place in its surroundings, specifically since the war broke out in Syria in the middle of March. 2011 became the “largest warehouse” for Syrian and Palestinian IDPs. Yin
Before all these stations, the IMF, with or without will, is one of the institutions of the international community and one of its tools and has its fingers on many of the archives that concern Lebanon, as it resorted to the series of conferences international donors to support him and overcome his economic crises, specifically from the series of three Paris conferences. To the Cedar Conference (April 6, 2018). It has been and continues to be alongside the countries, agencies and governments that have met in the “International Support Group for Lebanon” since it was formed in the summer of 2014 and met for the first time on September 26 of the same year. on the sidelines of the United Nations General Assembly in New York.
Against this background, the government’s decision to turn to the IMF constituted an important political option that requires a lot of attention when negotiating with it after it gradually fell notes and “vetoes” that Hezbollah put in the way to deal with the fund, and what he rejected to the detriment of what he calls “State sovereignty” and his request for “unconditional economic, political and financial aid”, referring to what he sees as the “correlation” between the work of the Fund and the mechanism of the commitment of the US administration with Lebanon, and fears of linking its future decisions with Lebanon’s position in the dispute with Israel beyond borders. The “exclusive economic zone” in Jinn AND linked to the oil and gas exploration archive.
Despite the importance of the party’s position influencing both government direction and authority, none of the international or local parties that requested cooperation with the IMF to emerge from the impasse have not yet linked any of the expected steps and these files, which does not mean that this is not possible somewhere. Dialogue with fund officials began days before the exploration phase, which did not address any of these elements. The Fund mission that previously visited Lebanon did not mention oil wealth as it touched on how to restore balance to the financial, economic and monetary indicators that led to the current crisis, as well as the content and content of budgets public and how to deal with public debt and reduce its cost, and did not address oil wealth in Lebanon and did not converge Any political, security or strategic archive requires questioning the mission and the need for Lebanon to provide its services.
However, despite this data that removes some of the party’s preconditions and everyone who agrees with it and shares the scale of negative concerns, there may be another, more painful approach to protest the fund’s performance. It is expected as it approaches its administrative, financial, monetary and economic conditions, which may collide with some Lebanese forces. This may be when the investigation begins to improve the state’s capabilities to control its resources, improve collection by reducing the size and cost of the public sector, and control smuggling at the Lebanese-Syrian borders and land, sea and air crossings that the party benefits as resistance. Similarly, when analyzing stopping all forms of tax evasion and charging customs duties that were measured by a large amount of state revenue before the Corona pandemic reached Lebanon and with it the collapse of the exchange rate of the Lebanese pound compared to foreign currencies, and what it did negatively in import volume and loss of financial resources as a result of declining investment Incoming from abroad and back to the minimum. These resources are not compensated by the sites and through other internal mechanisms added to the dependence of the party in the banking system on its finances, which constitutes a parallel system.
And in the face of these observations that cannot be ignored, it is better that the Lebanese government demonstrate to the Fund, when its mission arrives soon in Beirut, that it has united the Lebanese on its economic plan, which is very difficult. Observers from the Fund and its collaborating agencies monitored the lack of consensus on this plan after registering basic objections from the government people and the government itself to the opponents, and what is more in the mud than Prime Minister Hassan Diab reported at the last cabinet session yesterday when he said in speaking about the government’s plan for “Financial Reform”: “You are supposed to remind state units, including the Bank of Lebanon, that they are part of the government and that they must work to that the plan be successful … “It is also useful” to remind parliamentary blocks that support the government of the need to defend this fundamental issue. ” He concluded by saying: “The unified position is very essential to achieve an acceptable program with the International Monetary Fund, and that the divisions in our ranks do not cause further burdens and conditions for the Lebanese people.”
Therefore, when such testimony comes from the “head of the house” about the performance of his family, it must be taken into account to alleviate the annoyance of looking for obstacles that block the way to the International Monetary Fund, at a time when the The fund is close to being a haven for the demands of many suffering countries. The results of Corona, which increase obstacles to Lebanon’s position on the list of developed countries seeking its help.
Source: Republic
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