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IMF positive on recent BDL and budget measures
Hosting Syrian refugees costs $1.5 billion per year
FX reserves up by over $1 billion
Currency in circulation dropped by 31 percent
IMF: Govít lacks progress Minister of Finance agrees
$1.8 billion withdrawn so far under Circular 158
E-wallets allowed to carry up to $50K
$2.5 billion in profits earned on Sayrafa platform
Cash economy at $10 billion as per World Bank estimation
IMF: Economy has stabilized but reforms are too slow
$77 million industrial loans approved by Cedar Oxygen
Balance of payments deficit up 63 percent at $3.2 billion
IMF identifies policy reforms to stop tax revenue drainage