About: http://data.cimple.eu/news-article/7cf1799ee0da75a8f7047e3376be686470a23c508494b92a36e3bbaa

Facets (new session)
Description
Metadata
Settings
- owl:sameAs
- Inference Rule:

About: http://data.cimple.eu/news-article/7cf1799ee0da75a8f7047e3376be686470a23c508494b92a36e3bbaa Goto Sponge NotDistinct Permalink

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

Attributes	Values
rdf:type	schema:NewsArticle
schema:articleBody	A delegation from the International Monetary Fund met Lebanese Prime Minister Hassan Diab in Beirut on Thursday to discuss how to tackle the country's spiralling economic crisis. The Lebanese premier asked the monetary institution for its advice after parliament passed a vote of confidence in his government last week. Lebanon's debt burden had been among the largest in the world for some time but a liquidity crunch has brought the crisis home, with banks imposing tough restrictions on dollar withdrawals. The Lebanese pound, which has been pegged to the dollar since 1997, has plummeted on the parallel market, further crippling the import-dependent economy. The IMF team of experts is expected to hold consultations with various Lebanese officials until Sunday. Lebanon has not officially requested financial assistance from the IMF but it will need to decide soon what to do with a $1.2 billion debt in Eurobonds that reach maturity on March 9. Lebanon's sovereign debt rating slid into junk territory long ago, but investor confidence has fallen further since a wave of protests erupted in October in a major challenge to the political establishment. "We are in a phase of technical advice. Aid comes in the next phase," Finance Minister Ghazi Wazni said after the first meeting with the IMF team. The five-member delegation is also due to meet with central bank governor Riad Salameh. Economists, investors and government officials are divided over what to do with the March Eurobonds, which fell to a record low of 54 cents on Wednesday. The Association of Banks in Lebanon has called for the bonds to be paid on time in order to salvage some investor confidence and stave off a debt default. But parliament speaker Nabih Berri, an influential player in a country where political and economic power are mostly held by the same elite, advocated debt restructuring. Many analysts have argued that paying the bonds next month would only deepen the crisis by putting further strain on foreign currency reserves. rh/jmm/kir
schema:headline	IMF delegation meets Lebanon PM over debt crisis
schema:mentions	Slid (Fluke song) Finance minister Prime minister Lebanon Government debt International Monetary Fund Beirut Currency United States dollar Riad Salamé Grey market Ghazi of Iraq Debt restructuring Nabih Berri Eurobond (external bond) Fixed exchange-rate system Lebanese pound European debt crisis Hassan Diab Jharkhand Mukti Morcha Spiralling Market liquidity Kir (cocktail)
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-02-20 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	75 (xsd:integer)

Faceted Search & Find service v1.16.115 as of Oct 09 2023

Alternative Linked Data Documents: ODE Content Formats:

RDF

ODATA

Microdata

About

OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 5 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software