Talks with the International Monetary Fund resumed in September this year but Lebanese officials have yet to submit a comprehensive recovery plan.
An IMF delegation will visit the Middle Eastern country in late January or early February to lay out “the final formula for the agreement."
Lebanon's president estimates the country needs time to overcome the financial crisis as its central bank governor says around $15 billion would help to restore.
Global growth projections from the International Monetary Fund will likely be downgraded due to the emergence of the Omicron variant of the coronavirus.
Fuel, medicine and food shortages have cast a shadow over the transition process, while cuts to international aid could now deepen the country’s economic woes
Lebanese citizens have little confidence that change is on the horizon with the newly-elected billionaire prime minister, Nijab Mikati.
"Try an innovative way of engaging with them [Taliban]. The way that they were being dealt with has not worked," says Pakistani FM Shah Mehmood Qureshi.
Global lender's engagement with Taliban-led Afghanistan remains suspended, says IMF spokesman Gerry Rice, which means IMF funding is on hold.
The Bank, which has provided $5.3 billion to the country since 2002, is deeply concerned about the situation there and the impact on its development prospects, a bank spokesperson says.
The IMF's aid would include an existing $370 million loan program, as well as access to reserves in the form of Special Drawing Rights.
Afghanistan has some $9 billion in reserves abroad - most of it held with the US Fed, says the central bank governor.
The IMF warns inadequate vaccine access and pandemic relief measures are widening the gulf between recoveries in developed and less developed economies.
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