Without IMF bailout, is Lebanon heading for 'hell'? Another Lebanese source familiar with the negotiations said IMF representatives have "not sensed serious commitment from the Lebanese delegation" towards reform. But without an IMF rescue, donors are unlikely to pump money into Lebanon, the Western source said. The Lebanese source agreed an IMF rescue would help Lebanon avoid the worst. "With a skyrocketing exchange rate that could reach 25,000 to 50,000 Lebanese pounds to the dollar and inflation increasing by the day, Lebanon, without the IMF, will plunge into hell," he said.

Source: Bangkok Post July 10, 2020 04:52 UTC