Lebanon’s negotiations with IMF likely to start in November: minister

BEIRUT: Lebanon’s foreign minister said on Sunday negotiations with the International Monetary Fund (IMF) were likely to start in November, Lebanon’s Al Jadeed TV reported.
Economy Minister Amin Salam had said on Friday, in an interview with Reuters, that the new government aimed to make progress toward starting full negotiations for an IMF deal by the end of this year or early next, but was not expecting funds to be dispersed before elections in March.
Foreign Minister Bou Habib also spoke about the maritime border dispute between Lebanon and Israel, telling Al Jadeed that he was “optimistic about reaching an agreement.”
Lebanon and Israel are in dispute over the delineation of their territorial waters and negotiations between the old foes could lead to Lebanon being able to unlock valuable gas reserves amid its worst-ever financial crisis.
The two countries have been holding on-off US mediated talks since October to try to resolve the issue.

[td_block_1 custom_title=”Must Read” limit=”4″ f_header_font_transform=”uppercase” ajax_pagination=”next_prev” block_template_id=”td_block_template_9″ sort=”” m4f_title_font_family=”406″ offset=”4″ m4f_title_font_size=”eyJhbGwiOiIyMCIsInBvcnRyYWl0IjoiMTgifQ==” m4f_title_font_weight=”700″ m6f_title_font_family=”406″ m6f_title_font_weight=”700″ m6f_title_font_size=”eyJhbGwiOiIxNiIsInBvcnRyYWl0IjoiMTQifQ==”]