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Lebanon recovery plan held up by changes from PM: lawmaker

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Lebanon’s top finance lawmaker said prime minister-designate Najib Mikati had verbally proposed “very serious” changes to a recently-adopted plan to revamp the collapsed financial sector, in a move that could delay progress towards a final IMF deal. Lebanon’s government reached a draft agreement for a $3 billion IMF bailout in April, with a full deal conditional on the passage of pre-conditions such as the 2022 budget, banking secrecy reform and capital controls. #Lebanon’s prime minister designate Najib Mikati has apparently proposed “very serious” changes to plans to revamp the collapsed fin…

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