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BANKING REFORMS

Charafeddine pushes for a ministry to oversee deposit restitution, but experts remain skeptical

The caretaker minister of the displaced is advocating for a dedicated government body to handle frozen bank deposits, aligning with a proposal backed by MP Farid Boustany. However, legal and financial experts warn that such measures lack proper safeguards and could benefit those responsible for the crisis.

Charafeddine pushes for a ministry to oversee deposit restitution, but experts remain skeptical

Caretaker Minister for the Displaced Issam Charafeddine, during his press conference dedicated to the issue of depositors, in Beirut, on Jan. 30, 2025. Screenshot taken from the video broadcast on X.

Caretaker Lebanese Minister of the Displaced Issam Charafeddine held a press conference to call for the creation of a ministry dedicated specifically to the restitution of frozen bank deposits, speaking on behalf of Lebanese depositors affected by the financial crisis.The minister addressed the media from his office in Beirut, accompanied by several depositors’ associations, including the Depositors’ League, whose president, Hanna Bitar, stood by his side.“There are 1,235,000 bank deposits, supporting the livelihoods of more than 2.5 million Lebanese,” Charafeddine said. “That is more than a third of the population. A matter of such scale and significance requires a government representative who is competent and untainted by corruption.” Read more The major challenges awaiting the next finance minister He called on Prime...
Caretaker Lebanese Minister of the Displaced Issam Charafeddine held a press conference to call for the creation of a ministry dedicated specifically to the restitution of frozen bank deposits, speaking on behalf of Lebanese depositors affected by the financial crisis.The minister addressed the media from his office in Beirut, accompanied by several depositors’ associations, including the Depositors’ League, whose president, Hanna Bitar, stood by his side.“There are 1,235,000 bank deposits, supporting the livelihoods of more than 2.5 million Lebanese,” Charafeddine said. “That is more than a third of the population. A matter of such scale and significance requires a government representative who is competent and untainted by corruption.” Read more The major challenges awaiting the next finance minister He called on...
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