Under the title :”International Monetary Fund: policies and opportunities, how can they benefit Lebanon?”
100% Liban organized a conference given by Dr. Mounir Rached, Economist, President of the Lebanese Economic Association and Dr. Sami Geadah, former senior IMF.
The session was moderated by the General coordinator at 100% Liban, Mrs. Pamela Ibrahim El Kosseifi.
Dr.Rached explained the most prominent solutions through a recovery proposal to exit the Lebanese crisis while the government is following a destructive path and has not been able to start genuine constructive and sequential reform.
However Lebanon has to achieve and apply the following before any agreement with the Monetary Fund:
*Protect all deposits
*Free and Unify the Exchange rate
*Financial assets and liabilities rescheduling
*Fiscal reform
*Corporatize public enterprise
*Compensation of LBP denominated deposits
According to Dr. Geadah ,the Alternate Director at the IMF Executive Board representing several countries including Lebanon from 2009-2021 ,he formulated and presented positions on IMF policies and procedures, and his work included advice on discussions with the IMF.
If Lebanon successfully secures an IMF program, how likely is it to go off-track? What is the country’s Plan B without an IMF program?
As noted, no corrective action was pursued to the reform plans so far ,and the “wait and see” game is not prudent, will make the crisis worse.
100% Liban aim to unify the various initiatives of the private sector in response to the inadequacy of the authorities to make our ideas and voices heard and influence future reflections and choices for the recovery of our country.