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Lebanon PM asks World Bank, IMF help with economic rescue plan

Lebanon's caretaker prime minister Thursday asked international funding bodies for support in drawing up an emergency rescue plan for his protest-wracked country. Donors including the World Bank and the International Monetary Fund on Wednesday rebuffed a plea for financial aid pending the...

Lebanon 2019 budget deficit 'much bigger' than expected

A sharp fall-off in revenues means Lebanon’s 2019 budget deficit will be much bigger than expected, caretaker finance minister Ali Hassan Khalil said on Wednesday, as the country struggles with its worst financial crisis since the 1975-90 civil war. Speaking to reporters, Khalil did not...

France to press Lebanon to form govt quickly

French Foreign Minister Jean-Yves Le Drian Tuesday urged the Lebanese to form a new government swiftly or risk a financial crisis worsening and threatening the country's stability. "(They should) form a government quickly because any delay will continue to worsen the situation," Le Drian...