IMF extends visit to crisis-hit Lebanon: sources

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BEIRUT: The International Monetary Fund (IMF) will continue meetings with Lebanese authorities on Monday, sources familiar with the process said, extending a visit to provide technical advice that was expected to end on Sunday. The IMF began meetings with Lebanese authorities on Feb. 20 to provide broad technical advice on how to tackle the country’s crippling financial and economic crisis. The fund had said its team would stay until Feb. 23. Lebanon has not requested financial assistance from the IMF as it draws up a rescue plan to tackle a long-brewing financial crisis that spiraled last year as capital inflows slowed and protests erupted against the ruling elite. The sources familiar with the meetings said talks would continue until the Lebanese government made a decision on issues related to the technical assistance. The results of the meetings were “positive,” they added, without specifying further. NEWS DESK