Lebanon to receive $1.1bn from IMF reserve to help its struggling economy after forming government following 13-month deadlock

The Lebanese

The Lebanese government has said it will receive $1.135 billion in International Monetary Fund (IMF) Special Drawing Rights as the newly formed government tries to tackle the worst economic collapse in decades.

On Monday, Lebanon’s Finance Ministry said in a statement that the central bank would be receiving $1.135 billion in Special Drawing Rights (SDRs) from the International Monetary Fund (IMF) on September 16.

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