Fastly Cuts Guidance on Uncertainty, Lower Demand; Shares Slump 28%
Economy3 hours ago (Oct 14, 2020 01:25PM ET)
© 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 with CNN during the annual meetings of the IMF and World Bank, Georgieva said ongoing fragmentation in Lebanon was holding the country back and preventing progress on a new economic plan.
“It takes two to tango,” Georgieva said. “We’re ready and very willing to help Lebanon; we need a partner.”
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