IMF mission chief: 'Lebanon is in a very dangerous situation'

The International Monetary Fund (IMF) on Thursday warned that Lebanon was in a very dangerous situation one year after it committed to reforms that it has failed to implement and urged the Lebanese government to halt borrowing from the central bank.

"Lebanon is in a very dangerous situation," IMF mission chief Ernesto Rigo said at a news conference in Beirut, adding that authorities should accelerate the implementation of pre-conditions for a $3 billion bailout.