Hizbollah held talks with IMF, EU: Report

Updated on May 27, 2009 04:56 PM IST

Lebanon's Shia militant group Hizbollah has held talks with the International Monetary Fund and the European Union, as the entity looks to get continued financial support for the country in case the alliance led by it wins the parliamentary elections, says a media report.

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PTI | By, London

Lebanon's Shia militant group Hizbollah has held talks with the International Monetary Fund and the European Union, as the entity looks to get continued financial support for the country in case the alliance led by it wins the parliamentary elections, says a media report.

"Lebanon’s Hizbollah has held talks with the International Monetary Fund and the European Union as it seeks to secure continued financial support for Lebanon if the alliance it leads was to win next month’s parliamentary elections," The Financial Times has reported.

The daily said that discussions between Hizbollah and the donors comes amid rising concern that a "heavily indebted economy could come under severe strain if the current pro-western parliamentary majority was to lose the June 7 elections".

Quoting Ali Fayad, a Hizbollah candidate who also heads the party’s think-tank, the report said that he has warned against punishing Lebanon economically if elections favoured the opposition.

The Financial Times attributing to Fayad said that his party was nonetheless considering the economic risks and discussing such prospects with the EU and the IMF.

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