Without IMF Bailout, Is Lebanon Heading For ‘Hell’?
July 10, 2020
Talks between crisis-hit Lebanon and the International Monetary Fund are deadlocked, and leaders reluctant to enact reforms. Without a vital multi-billion-dollar bailout, is Lebanon headed for “hell”?
For months, the Mediterranean country has grappled with its worst economic crisis since the 1975-1990 civil war.
Tens of thousands have lost their jobs or part of their salaries, while a crippling dollar shortage has sparked rapid inflation.