On 7 April 2022, the IMF announced in a statement that it had reached a preliminary agreement with the Lebanese government, whereby Lebanon would receive a $3 billion loan from the institution over a 3-4 year period. The country would then need to pay back this loan over a subsequent period spanning 4 to 10 years, at an interest rate averaging between 3% to 4%. The approval of such a loan by the IMF is tied to three main conditions. Firstly, prior completion of a set of initial reforms by the Lebanese authorities. Secondly, a “confirmation of international partners’ financial support” – which …