The IMF’s forecast: Lebanese public debt to reach 550% by 2027 amidst $10 billion losses

2023-06-29 12:58:00

The IMF expects the Lebanese public debt to rise to 550% by 2027

Dubai – Al Arabiya.net

Posted on: June 29, 2023: 04:58 PM GST Last updated: June 29, 2023: 05:25 PM GST

The International Monetary Fund said today, Thursday, that depositors in Lebanon have lost $10 billion since 2020.

The IMF expected the Lebanese public debt to rise to 550% by 2027.

The IMF added that the economic situation in Lebanon will be exacerbated by resistance to reforms.

He explained that personal interests in Lebanon impede the required reforms.

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