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The Al-Liwaa newspaper reported aspects of the first session of negotiations between the IMF and the Lebanese government, citing a source who participated in the session.
A source who participated in the session described it in depth and dealt with the detailed and technical aspects of the government’s financial rescue plan, in which the Fund delegation struggled, addressing all of its components, but did not agree with expectations. on the Lebanese side, which was not unified in the session, but, in my opinion, the first was revoked by the Minister of Finance Ghazi I weigh and who is with him, while the delegation of the Banque du Liban, absent from the governor, Riad Salameh informed the Fund that the bank did not participate in the elaboration of the plan and saw in some of its aspects a conflict with the banking system and the free economy.
As for the Minister of Finance, who began the speech in the session, explaining the details of the plan in general and the crisis that Lebanon is currently facing, indicating in detail the measures taken by the government to accompany the implementation of the plan, pointing out the reforms prosecutors that the Ministry of Finance initiated and directed to develop the collection of fees and taxes, the structure of the banking sector, the Bank of Lebanon and an automatic explanation. Using bank deposits for a specific group of citizens with large deposits to pay the public debt, observing the government’s insistence on carrying out the reforms required in the government sectors and reducing the cost of the public sector without going into details. What it intends to do in these sectors that the plan indicates and the most appropriate reductions in it, and estimated in its summary that Lebanon needs assistance in the amount of twenty billion dollars to overcome its difficult crisis.
Then, members of the Ministry of Finance delegation and specialized experts took turns speaking, and each of them, within their competence, explained the elements contained in the plan. The source summarized the responses.
The questions focused on what have been termed financial holes in the state’s finances, which are caused by the smuggling of goods and merchandise through illegal crossings on the Lebanon-Syria border and weak controls. customs in ports and airports.
Source: Major General
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