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.
“I am here to clear my name.”
Protesters are fighting back against the collusion of Central Bank and the Lebanese authorities with bankers at the expense of the majority of the population.
The Central Bank and the Association of Banks have a major historical responsibility to protect depositors and provide transparent regulations going forward.