Photo for illustration. (Credit: Philippe Hage-Boutros/L'OLJ)
A new draft government plan to resolve the issue of illegally blocked bank deposits is currently under discussion among key officials, bankers and experts. L'Orient-Le Jour obtained a copy of the plan, which was developed under the guidance of former minister Nicolas Nahas, current advisor to caretaker Prime Minister Najib Mikati, who has taken over the file previously handled by Deputy Prime Minister and IMF negotiator Saade Chami. According to sources, the document is still subject to amendments before being submitted to the Cabinet for approval.The proposal divides deposits into two categories: "eligible" deposits, totaling $40 billion (46.5 percent of the total), and "non-eligible" deposits, estimated at $46 billion (53.5 percent of the total). The latter includes accounts involved in irregular operations since the crisis began in...
A new draft government plan to resolve the issue of illegally blocked bank deposits is currently under discussion among key officials, bankers and experts. L'Orient-Le Jour obtained a copy of the plan, which was developed under the guidance of former minister Nicolas Nahas, current advisor to caretaker Prime Minister Najib Mikati, who has taken over the file previously handled by Deputy Prime Minister and IMF negotiator Saade Chami. According to sources, the document is still subject to amendments before being submitted to the Cabinet for approval.The proposal divides deposits into two categories: "eligible" deposits, totaling $40 billion (46.5 percent of the total), and "non-eligible" deposits, estimated at $46 billion (53.5 percent of the total). The latter includes accounts involved in irregular operations since the crisis began in...
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