Industry Minister Imad Hoballah announced on Saturday that "the ministers in the government are seeking to exert more efforts, but the Lebanese know and appreciate that the regime that has governed over the past years destroyed all the foundations and makes the process of reform and rescue difficult."
Hoballah said that "the economic, financial and monetary situation is not good, as there are losses and deficits of about one hundred billion dollars."
The minister disclosed that Lebanon" will guarantee liquidity from abroad within about 14 days, which will contribute to reviving the market and moving the economy," without giving further details.
Commenting on the economic relations between Lebanon, Syria, and other countries in the region, Hoballah emphasized that "the government has the courage and vision to take a similar decision, and to go east from Syria, Iraq and Jordan to the Gulf states, Russia, and China."
Finally, the minister affirmed that negotiations with the International Monetary Fund are "proceeding positively".
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