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Asharq Al-Awsat
Asharq Al-Awsat
Business
Beirut - Asharq Al-Awsat

Lebanon’s Finance Minister: Negotiations with IMF Are Positive

Lebanon’s Finance Minister Ghazi Wazni poses for a picture at his office in Beirut, Lebanon January 23, 2020. REUTERS/Mohamed Azakir

Lebanese Finance Minister Ghazi Wazni described negotiations with the International Monetary Fund (IMF) as “good and positive.”

He stressed that there was no dispute between him and Central Bank Governor Riad Salameh, noting that it was a disagreement over the calculation of losses.

Wazni was speaking during a meeting with a delegation from the Lebanese Press Syndicate on Tuesday.

He said the losses were “the public debt that has reached a very high record… and we all have to bear its distribution; each side according to its capabilities.”

On Lebanon’s decision regarding the non-payment of the Eurobonds and the negotiations with the IMF, Wazni said: “Three months, ago we said that we do not have the money to pay the Eurobonds, and because of our difficult financial conditions the period may extend to 2035."

"As for the meetings with International Monetary Fund, they are good and positive, contrary to what they say in the media, but the issue needs time.”

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