Lebanon’s new finance minister met on Saturday with an official from the International Monetary Fund for what he said was a "courtesy visit" and not bailout talks. Ghazi Waznis meeting with IMF Alternative Executive Director Sami Geadah came as Lebanon grapples with a spiraling economic crisis. The meeting at the finance ministry in Beirut served to "congratulate Lebanon on the formation of a new government," Wazni said on Twitter afterwards. The new cabinet of Prime Minister Hassan Daib formed this week must decide how to deal with maturing Eurobonds. A $1.2 billion bond is due in March. Wazni met on Friday with a World Bank delegation headed by the regional director for the Middle East department, Saroj Kumar. The previous government resigned on October 29, two weeks into nationwide protests demanding the removal of politicians deemed incompetent and corrupt. Wazni comes into the post at a time when the plummeting Lebanon pound has lost over a third of its value against the dollar in the parallel market. Lebanese banks are tightening restrictions on dollar transactions amid a liquidity crunch. The economic downturn has raised questions over whether Lebanon will turn to the IMF for a bailout -- an option the government has yet to comment on but which some officials regard as inevitable.