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

Source: 3rd Lebanese IMF Negotiator Quits Post

FILE PHOTO: The logo of the International Monetary Fund (IMF), is seen during a news conference in Santiago, Chile, July 23, 2019. REUTERS/Rodrigo Garrido

A senior member of Lebanon's negotiating team with the International Monetary Fund (IMF) has resigned, becoming the third to do so over deadlocked talks, a source close to the finance ministry told Reuters on Sunday.

Talal F. Salman was economic advisor to the Lebanese finance ministry. A ministry spokeswoman declined to comment.

Lebanon began talks with the IMF for a bailout in May after defaulting on its huge sovereign debt but the negotiations were put on hold in July due to a lack of action on reforms and a row on the Lebanese side over the size of its vast financial losses.

The government that launched the talks resigned this month over the Aug. 4 port explosion in Beirut that fueled public anger at a political class seen as responsible for the country's many woes, including a deep financial crisis rooted in corruption and mismanagement.

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