About: http://data.cimple.eu/news-article/039e6956e21c874bcb821b98ac262d69aef02fed1650c22f8d62f40a

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About: http://data.cimple.eu/news-article/039e6956e21c874bcb821b98ac262d69aef02fed1650c22f8d62f40a Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Lebanon should move quickly to implement reforms to stabilize the country's economy, the International Monetary Fund said Thursday. Lebanon is facing its worst economic crisis since its 1975-1990 civil war, and Prime Minister Hassan Diab suspended payment of a $1.2 billion Eurobond maturity due on Monday and is seeking debt restructuring because of dwindling foreign currency reserves. "Given the severity of economic conditions in Lebanon, it's important that the government designs and implements promptly a comprehensive package of reforms to effectively address the economic challenges and improve Lebanon's economic prospects," IMF spokesman Gerry Rice told reporters. While the country has not requested aid from the Washington-based crisis lender, "We stand ready... to assist the authorities in those efforts." Lebanon's debt burden, long among the largest in the world, is now equivalent to nearly 170 percent of its gross domestic product. The value of the Lebanese pound has plummeted by more than a third on the black market, prices have risen, and many businesses have been forced to close. Diab also announced plans to slash state spending and downsize an inflated banking sector. An IMF team has met with Lebanese officials, and is now waiting to see their plans "on how to tackle the economic challenges they face," Rice said. hs/cs
schema:headline	IMF urges Lebanon to 'quickly' implement economic reforms
schema:mentions	Black market Diab Syrian Civil War Lebanon International Monetary Fund Prime Minister of Pakistan Currency Gross domestic product Argentine debt restructuring Eurobond (external bond) Lebanese pound Hassan Diab
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-03-12 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	80 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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