IMF is needed for Lebanon's recovery process as FATF keeps the country on the grey list due to illicit financial channels.
1 report, 1 independent
Updated Jun 28
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What happened
IMF is needed for Lebanon's recovery process as FATF keeps the country on the grey list due to illicit financial channels.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- IMF agreement unlocks international funding for Lebanon's recovery process.Sub-event
FATF maintains Lebanon's grey list status, linking it to illicit financial channels.1 source
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The entities involved
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International Monetary Fund
international financial institution
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Lebanon
country in West Asia
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Financial Action Task Force
intergovernmental organization to combat money laundering and terrorism financing
- India holds the vice-presidency of the Financial Action Task Force (FATF), with an officer from the Madhya Pradesh cadre involved.
- South Africa is undergoing an assessment by the Financial Action Task Force (FATF) regarding its compliance with international standards to combat serious financial crimes.
Related events
- A new framework is being sought to link Israel's withdrawal from Lebanon to Lebanese disarmament, while addressing regional funding and Iranian influence.
- Hezbollah is the main obstacle to Lebanon's economic reconstruction.
- Israeli attacks strain Lebanon's economy, leading the World Bank to estimate poverty levels in the country.
- The IMF has provided a $2.9 billion recovery program for Sri Lanka, while noting the country's vulnerability to external shocks from the Middle East crisis.
- Financial strangulation and the collapse of the Syrian regime are testing the institutional architecture supporting Hezbollah and its operations in Lebanon.