This policy report analyzes the winding road towards an agreement between the IMF and Lebanon, since the request of the government for IMF support, going over main conditions required by the IMF and their high social cost. The report critically highlights the risks of adopting one-size-fits-all austerity measures - as suggested by the IMF - and argues for the necessity to adopt a more integrated approach to the diagnosis of the crisis, and recovery and reform plan, beyond mere financial and macro-economic indicators. It concludes with recommendations tailored to the Lebanese context.