Tag: Lebanon

ReutersOctober 14, 2020
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3min170
© Reuters. FILE PHOTO: IMF and World Bank hold Annual Meetings in Washington WASHINGTON (Reuters) – The International Monetary Fund is “ready and very willing” to work with Lebanon to solve its financial problems and restructure its debt, but needs a partner in the Lebanese government, IMF Managing Director Kristalina Georgieva said on Wednesday. Speaking […]

ReutersAugust 28, 2020
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7min450
By Tom Arnold and Raya Jalabi LONDON/BEIRUT (Reuters) – Bankers and analysts have voiced scepticism about attempts by Lebanon’s central bank to clean up the country’s banks, warning they must form part of a wider rescue plan to fix its broken financial and economic system. In a series of circulars on Thursday, the central bank […]

ReutersAugust 26, 2020
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6min500
2/2 © Reuters. French President Emmanuel Macron visits the devastated site of the explosion at the port of Beirut 2/2 By Laila Bassam BEIRUT (Reuters) – French President Emmanuel Macron has created a roadmap for Lebanese politicians outlining political and financial reforms needed to unlock foreign aid and rescue the country from multiple crises including […]

ReutersAugust 9, 2020
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4min590
© Reuters. IMF Managing Director Kristalina Georgieva speaks during a conference hosted by the Vatican on economic solidarity WASHINGTON (Reuters) – The International Monetary Fund said on Sunday it was willing to redouble efforts to help Lebanon after the devastating blast that hit Beirut, but said all of the country’s institutions needed to show willingness […]

ReutersAugust 6, 2020
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4min860
BEIRUT (Reuters) – Lebanon’s central bank instructed banks and financial institutions on Thursday to extend exceptional dollar loans at zero interest to individuals and firms impacted by the Beirut port explosion that caused huge damage across the capital. Tuesday’s blast was the most powerful in years in Lebanon, which is already reeling from an economic […]

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6min2160
Bitcoin (BTC) is not what young investors should buy after the coronavirus crash, says the man who once said that the biggest cryptocurrency faces an “inevitable death spiral.” Speaking to CNBC on May 21, Peter Mallouk, president and chief investment officer at wealth management firm Creative Planning, claimed that stocks and bonds were better options […]


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