Authorities fear both that organized crime groups will exploit the crisis and that spontaneous revolts will result from growing livelihood concerns.
Leading Dr. Nidal Mawla in Lebanon’s coronavirus response is requesting MPs and ministers to donate.
By defaulting, the new Lebanese government is openly declaring the country’s crisis to investors and countries worldwide.
Getting an IMF loan is complicated. Lebanese officials need other solutions for the upcoming $1.2 billion due, said a source close to the IMF.
The expertise of a “technocratic” government is being used by politicians to pass new austerity measures that serve banks at the expense of the people.
The IMF failed to bring growth and economic stability for almost every country it bailed out.