IMF, Lebanon hold talks on up to $1bn in rapid financing: report

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Bloomberg reports that the International Monetary Fund and Lebanon are discussing options for fast-track financial assistance to help the country absorb the impact of the Middle East war, citing people familiar with the matter.

The outlet reports that the conversations revolve around a financing instrument that would give Lebanon access to between $800 million and $1 billion, citing one of those people familiar, who asked not to be identified because the talks are private.

“The money would be earmarked for budget support and humanitarian response,” Bloomberg adds.

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