IMF, Lebanon hold talks on up to $1 billion in rapid financing: Report

The International Monetary Fund and Lebanon are discussing options for providing fast-track assistance to help the country absorb ‌the ⁠effect ⁠of the Middle East war, Bloomberg News reported on Tuesday, citing people familiar with the matter.

The conversations are focused on some type of financing instrument that would give ⁠Lebanon access ‌to between $800 million and $1 billion, money that would ⁠be earmarked for budget support and humanitarian response, the report added.

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An IMF spokesperson told Bloomberg that IMF staff was "closely engaged with the Lebanese authorities, including on key economic crisis management ‌issues to mitigate the impact on the economy", adding that talks were ⁠ongoing on a reform program that could be supported by an IMF arrangement.

Reuters could not immediately verify the report. The IMF did not immediately respond to Reuters request for comment.