IMF

Gourinchas said emerging market economies also faced a "quite serious" risk of disruptions causes by any further financial market volatility, or an escalation in Russia's war in Ukraine.

The IMF said delay had led to a decrease in the foreign currency deposits that could eventually be recovered when the banking sector is restructured.

Being put on the FATF gray list could disrupt Lebanon's capital flows, with banks possibly exiting relationships with customers to reduce compliance costs.

The dead included five women and three children, police said, while five other people were hospitalized following the incident.

If investors won't receive their payments by the Sunday night deadline, there will be an “event of default” on Monday morning, according to the bond documents.

Officials expected significant pledges to come in, although it could take longer to reach the full target, Craig Beaumon said.

Economic sanctions, internal conflicts and power struggle behind the frequent jumps in prices, experts say.

“For all intents and purposes, the failed Lebanese state has become a puppet of Hezbollah and its patrons in Tehran.”

Although many economies have begun to reopen, lockdowns and social distancing have hit both investment and consumption.

"In charting their path out of this unprecedented lockdown, the economies in Asia and Europe should proceed carefully and resist the urge to do too much too soon and risk a relapse."