What Might Be Required of Lebanon Under an IMF Bailout?

Lebanon's new government must decide whether to seek help from the International Monetary Fund to help ease its financial crisis, the International New York Times reported on a Reuters story. Any programme is likely to require Lebanon to agree to measures ranging from increasing taxes to fighting corruption. Based mainly on previous IMF recommendations, here are some steps Lebanon might have to take as part of any deal: Draw up a medium-term plan to fill Lebanon's yawning fiscal deficit and bring public debt down to sustainable levels. The IMF previously advised Lebanon to target achieving a primary surplus of around 4-5% of GDP to help cut its debt-to-GDP ratio, currently one of the highest in the world. Read more