The Minister of Finance, Yassine Jaber, and the World Bank's Director of Operations for the Middle East, Jean-Christophe Carret, on Wednesday at the World Bank headquarters in Washington. (Credit: NNA)
The Lebanese Parliament delivered a valuable service for the delegation sent to Washington to engage with the International Monetary Fund (IMF), adopting an amended version of the banking secrecy law that aligns with the expectations of Lebanon’s international partners.“It was important for us that this law was adopted. We were able to provide proof to the IMF that we are serious about starting reforms,” Minister of Economy and Trade Amer Bsat told L’Orient-Le Jour on Thursday. “It’s an accomplishment,” he added with satisfaction. “It saved the week,” added a source familiar with the negotiations. Read more Bank secrecy: Lebanon finally adopts comprehensive reform to satisfy IMF The IMF echoed the minister's sentiment. “The amendments to the banking secrecy law adopted by Parliament represent an important reform, consistent with...
The Lebanese Parliament delivered a valuable service for the delegation sent to Washington to engage with the International Monetary Fund (IMF), adopting an amended version of the banking secrecy law that aligns with the expectations of Lebanon’s international partners.“It was important for us that this law was adopted. We were able to provide proof to the IMF that we are serious about starting reforms,” Minister of Economy and Trade Amer Bsat told L’Orient-Le Jour on Thursday. “It’s an accomplishment,” he added with satisfaction. “It saved the week,” added a source familiar with the negotiations. Read more Bank secrecy: Lebanon finally adopts comprehensive reform to satisfy IMF The IMF echoed the minister's sentiment. “The amendments to the banking secrecy law adopted by Parliament represent an important reform,...