Because Lebanon is a pawn in the proxy wars between the US, Israel, Iran, and Saudi Arabia. All of them want to help, but only if Lebanon does things "their" way, and not the "other's" way, and none of "them" will allow the "other" to help. And the IMF says their government is not giving enough concessions. It's all pretty fucked up.
Foreign intervention is unlikely without government reform. With traditional donors such as Iran, the United States, the United Kingdom and Persian Gulf nations both hesitant to push money into a corrupt system and also dealing with their own economic problems, Lebanon set its hopes on an International Monetary Fund bailout. But after weeks of discussions, there is no agreement in sight to even begin the negotiations.
The U.S, the largest donor to the IMF, wants any bailout to come on the condition that there is a diminution of Hezbollah’s power. The U.S is also the largest donor to the Lebanese army, making for a delicate balancing act. “We are supportive of Lebanon as long as they get the reforms right and they are not a proxy state for Iran,” Secretary of State Mike Pompeo said last week.
In an unusual move, Hezbollah leader Hassan Nasrallah said last week that Hezbollah would be open to receiving help from the U.S. despite calling it “an enemy” of Lebanon. Pompeo’s remarks followed Nasrallah’s comments that Lebanon had an opportunity to buy fuel from “a friend called Iran in exchange for Lebanese pounds.” The secretary of state dismissed the claims as “unacceptable”, adding that the U.S. will do everything necessary to stop Iran from sending crude oil anywhere.
There is little optimism for the future of the IMF talks, which have not even agreed on the balance of losses, let alone the negotiations and have now been stalled. “The government refuses to implement any reform, any prerequisite the IMF had for even continuing the talks,” said Jad Chaaban, an economist at the American University of Beirut. While the political elite argues without much consensus, the refusal to reform is crushing the Lebanese people.