Thu, 19 May 2022

BEIRUT, Jan. 24 (Xinhua) -- Lebanon on Monday kicked off the first round of official talks with the International Monetary Fund (IMF), seeking to unlock aid for the crisis-hit country.

Lebanon's deputy prime minister and chief negotiator Saade Chami said that the talks focused on a range of economic and political topics such as the budget, the banking sector and the exchange rate, the office of Prime Minister Najib Mikati said in a statement.

Chami expected other rounds of talks will be necessary in order to reach a deal with the fund.

Lebanon has been suffering from an unprecedented financial crisis amid a shortage of U.S. currency reserves, exacerbated by the Beirut port explosions and the lingering COVID-19 pandemic.

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