IMF Begins Lebanon Bank Restructuring Talks; 6.4% Contraction Expected by 2026

The IMF has initiated talks in Lebanon to restructure the banking sector and establish a financial reform program, with hopes for an initial agreement. The Lebanese economy is projected to contract by 6.4% by 2026, underscoring the severity of the crisis. The outcome remains uncertain, but progress could unlock international support and stabilize the financial system.

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