Talks between crisis-hit Lebanon and the International Monetary Fund are deadlocked, and leaders reluctant to enact reforms.
Without a vital multi-billion-dollar bailout, is Lebanon headed for “hell”? For months, the Mediterranean country has grappled with its worst economic crisis since the 1975-1990 civil war.
Tens of thousands have lost their jobs or part of their salaries, while a crippling dollar shortage has sparked rapid inflation.
After the country for the first time defaulted on its sovereign debt in March, the government pledged reforms and in May started talks with the IMF towards unlocking billions of dollars in aid. More