February 6, 2020 / 7:51 PM / 14 days ago

Exclusive: Lebanon's government to take 'painful steps' in financial rescue plan - final policy statement

FILE PHOTO: Lebanon's President Michel Aoun heads a cabinet meeting at the presidential palace in Baabda, Lebanon February 6, 2020. REUTERS/Mohamed Azakir

BEIRUT (Reuters) - Lebanon’s government approved a financial rescue plan that calls for cutting interest rates, restructuring the banking sector and taking some “painful steps” while trying not to harm those with limited income, according to a copy seen by Reuters.

The cabinet agreed the final policy statement on Thursday, with minor changes made to a draft obtained by Reuters on Sunday, and will present it to parliament next week for a vote of confidence.

Reporting by Ellen Francis; Editing by Ghaida Ghantous and Chizu Nomiyama

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below