Lebanon’s negotiations with the IMF are expected to begin in November …

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October 24 (Reuters) – The Lebanese Foreign Minister said on Sunday that negotiations with the International Monetary Fund (IMF) would likely begin in November, Lebanese television Al Jadeed reported.

Economy Minister Amin Salam said in an interview with Reuters on Friday that the new administration wants to make progress in opening full negotiations on an IMF deal by the end of this year or early next year, but does not expect the funds to be distributed before the elections in March.

Foreign Minister Bou Habib also spoke about the sea border dispute between Lebanon and Israel, telling Al Jadeed that he was “optimistic about reaching an agreement”.

Lebanon and Israel argue over the delimitation of their territorial waters and negotiations between the old enemies could result in Lebanon unlocking valuable gas reserves amid its worst financial crisis.

The two countries have been holding talks brokered by the US since October to try to solve the problem. (Reporting by Nayera Abdallah; Editing by David Evans)

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