Lebanon’s Foreign Creditors Demand Urgent Debt Restructuring Lebanon “remains fully committed to engage in a constructive, transparent and equitable debt restructuring process with all other stakeholders” the finance ministry statement said

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Lebanon Resumes IMF Talks And Seeks ‘Fair’ Debt Solution

By 

Dana Khraiche

4. Oktober 2021, 11:11 MESZ

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Lebanon has resumed talks with the International Monetary Fund and is committed to seeking a “fair and comprehensive” solution for its creditors, the finance ministry said on Monday. 

Lebanon began bailout talks with the IMF after defaulting on its international bonds in 2020 and drafted a plan to restructure its entire $90 billion debt stock. But there’s been scant progress in the past 18 months due to a prolonged political deadlock. 

Lebanon’s Foreign Creditors Demand Urgent Debt Restructuring 

Lebanon “remains fully committed to engage in a constructive, transparent and equitable debt restructuring process with all other stakeholders” the finance ministry statement said. 

International investors hold a substantial chunk of Lebanon’s Eurobonds and a deal with them is essential if the government is to eventually return to the debt market