Lebanon Asks IMF for Help in Restructuring Debt / Lebanon's Financial Dilemma

GeorgesT

New Member
is there an alternative?
There ALWAYS is. TINA (There Is No Alternative) is one of the excuses they try to use on us.
One alternative is using the limited reserves (ihtiyat) to buy basic products (food, fuel, drugs), and stimulate our economy, while countering corruption and getting reforms done. Basically do our homework, and getting some benefit, with hope to grow more in the future.
The IMF on the other hand will dictate to us exactly what to do, and how to use whatever monies are in the central bank, and definitely not for the people's benefit, but for the elites. That is its raison d'etre.
We cannot run away from doing our homework.
 

Iron Maiden

Paragon of Bacon
Orange Room Supporter
There ALWAYS is. TINA (There Is No Alternative) is one of the excuses they try to use on us.
One alternative is using the limited reserves (ihtiyat) to buy basic products (food, fuel, drugs), and stimulate our economy, while countering corruption and getting reforms done. Basically do our homework, and getting some benefit, with hope to grow more in the future.
The IMF on the other hand will dictate to us exactly what to do, and how to use whatever monies are in the central bank, and definitely not for the people's benefit, but for the elites. That is its raison d'etre.
We cannot run away from doing our homework.
we dont know yet the extent of the involvment of the imf, i.e wat dossiers and how much leberage they will be given.
but one good thing that might come out of their involvment are audits into the expnditures of all the ministries and the sanadik
 

GeorgesT

New Member
we dont know yet the extent of the involvment of the imf, i.e wat dossiers and how much leberage they will be given.
but one good thing that might come out of their involvment are audits into the expnditures of all the ministries and the sanadik
How much trust would you have if you saw that IMF's main man in Lebanon is none other than......
Jihad Azour
Director, Middle East and Central Asia Department

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Jihad Azour (Arabic: جهاد أزعور‎), (born 4 May 1966), is a Lebanese economist and politician, he served as Lebanon's minister of finance under Fouad Saniora's government from 2005 to 2008.
 

Iron Maiden

Paragon of Bacon
Orange Room Supporter

SoFP1

The Chosen One
Orange Room Supporter
It seems like it is official now.

صندوق النقد: تلقينا طلبا من لبنان للحصول على الاستشارة ونحن جاهزون للمساعدة

الأربعاء ١٢ شباط ٢٠٢٠ 22:10سياسة

صندوق النقد: تلقينا طلبا من لبنان للحصول على الاستشارة ونحن جاهزون للمساعدة


أعلن صندوق النقد الدولي "أننا تلقينا طلباً من السلطات اللبنانية للحصول على الاستشارة والخبرات التقنية ونحن جاهزون للمساعدة"، مؤكدا أن "السلطات اللبنانية هي التي ستتخذ أي قرارات بشأن ديون لبنان".





صندوق النقد الدولي
 

Robin Hood

Legendary Member
Orange Room Supporter
Electricity is a public utility, is privatizing it a good idea? Also, the telecom sector generates a lot of revenue to the state, we can't privatize it.
 

Robin Hood

Legendary Member
Orange Room Supporter
we dont know yet the extent of the involvment of the imf, i.e wat dossiers and how much leberage they will be given.
but one good thing that might come out of their involvment are audits into the expnditures of all the ministries and the sanadik

Can they get involved without asking to hurt the poor and privatize everything?
Can we say the government failed its first test?
 

Iron Maiden

Paragon of Bacon
Orange Room Supporter
Can they get involved without asking to hurt the poor and privatize everything?
Can we say the government failed its first test?
i dunno yet, i think we need more info before we can speculate in their next actions, privatizing some stuff wouldnt hurt imo, we’ll see
 

Nonan

Legendary Member
Orange Room Supporter
Electricity is a public utility, is privatizing it a good idea? Also, the telecom sector generates a lot of revenue to the state, we can't privatize it.
To the state or to Hariri, Berri and Joumblatt? Fi Fare'
 

!Aoune32

Well-Known Member
Can they get involved without asking to hurt the poor and privatize everything?
Can we say the government failed its first test?

How are the poor affected by the privatization of the services? These services are khara and costing the state a fortune ie electricity.
 

lebanese1

Legendary Member
كشف النائب ميشال ضاهر، في تصريح عبر مواقع التواصل الاجتماعي، أن "مجموعة قامت بشراء 600 مليون دولار من اليوربوند، وبدأت حملة من التهويل الإعلامي وشراء ذمم مسؤولين وصحافيين من اجل خلق جو ضاغط لاجبار الحكومة على دفع استحقاق آذار لتحقيق أرباح توازي 150 مليون دولار خلال 30 يومًا"، مشيراً الى ان "الحملة ستزداد يوما بعد يوم، وهذا ما سوف يضع حكومة الرئيس حسان دياب أمام اول امتحان".

 

Dr. Strangelove

Nuclear War Expert
Staff member
كشف النائب ميشال ضاهر، في تصريح عبر مواقع التواصل الاجتماعي، أن "مجموعة قامت بشراء 600 مليون دولار من اليوربوند، وبدأت حملة من التهويل الإعلامي وشراء ذمم مسؤولين وصحافيين من اجل خلق جو ضاغط لاجبار الحكومة على دفع استحقاق آذار لتحقيق أرباح توازي 150 مليون دولار خلال 30 يومًا"، مشيراً الى ان "الحملة ستزداد يوما بعد يوم، وهذا ما سوف يضع حكومة الرئيس حسان دياب أمام اول امتحان".


Can't know how true this is without more information, but Daher has been very (some would say overly) earnest in recent months, to his credit. He even brought this up during his speech in parliament a couple of days ago, along with repeating his demands for a haircut on the rich (of which he is one).
 

VH Redux

Member
Can't know how true this is without more information, but Daher has been very (some would say overly) earnest in recent months, to his credit. He even brought this up during his speech in parliament a couple of days ago, along with repeating his demands for a haircut on the rich (of which he is one).
i dont think his money is in lebanon

but yea he was frank from the beginning of the protests claiming that default is coming
 

lebanese1

Legendary Member
what does this mean?

 

Walidos

Legendary Member
Orange Room Supporter
what does this mean?

If true it means more of what they were doing in the past... swap debt at higher interest, not in our interest :)
 
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