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Bteich winds up Washington visit by meeting with IMF officials

Economy and Trade Minister, Mansour Bteich, concluded Sunday his visit to the American capital, Washington, by holding a series of meetings with officials at the International Monetary Fund (IMF), which focused on supporting Lebanon, explaining the government's perspectives and expected reforms.

Talks highlighted the need for good governance and the importance of enhancing transparency, disclosure and enforcement of laws, especially in the field of tax evasion. Officials also expressed their keenness on approving a financially disciplined state budget in Lebanon.

In this connection, Bteich met with IMF's Deputy Director-General, Mitsuhiro Furusawa, and his team, as well as IMF's Middle East and Central Asia Director, Jihad Azour.

In the same context, Bteich conferred with the Operations Manager of the European Investment Bank of the Neighboring Countries, Flavia Palanza, who praised the advantages that Lebanon has been trying to build upon in the recent period.

Moreover, bank officials expressed their willingness to invest in Lebanon, both in the public and private sectors, placing their expertise at Lebanon's service. Near future agreements with the Lebanese government also featured high during their discussions.

Furthermore, Minister Bteich met with the Director General of the Arab Fund, Abdlatif Al-Hamad, and the Economic Advisor to the Arab Fund for Economic and Social Development, Munther Al-Karkouri, with whom he discussed various projects. Al-Hamad announced his readiness to secure a new loan for Lebanon's Housing Bank, in addition to an accessible loan for sewage treatment of the Litani River.

Bteich also discussed the Arab Fund for Economic and Social Development, from which 15 Arab countries have benefited, and ways to activate its work in Lebanon.

Source: National News Agency

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