Prime Minister Nawaf Salam with the head of the IMF mission for Lebanon, Ernesto Ramirez Rigo, and the resident representative of the Fund in Lebanon, Federico Lima. Photo posted on the Grand Serail's X account.
The debate over deposit restitution and banking restructuring in Lebanon is expected to take a new — though predictable — turn following a five-day visit by an International Monetary Fund (IMF) delegation that ended Friday, Feb. 13.Discussions with Lebanese officials reportedly produced "significant progress toward a common understanding on key issues," according to a Finance Ministry statement released Thursday. In fact, some IMF observations could challenge the framework of the so-called 'financial gap' draft law, which still awaits committee reviewal. The mood before the visit The IMF returns to Beirut amid disagreements and contested reforms The draft law's initial approach is based on a specific sequence: the total loss would be assessed only after a preliminary 'cleansing' of deposits. This...
The debate over deposit restitution and banking restructuring in Lebanon is expected to take a new — though predictable — turn following a five-day visit by an International Monetary Fund (IMF) delegation that ended Friday, Feb. 13.Discussions with Lebanese officials reportedly produced "significant progress toward a common understanding on key issues," according to a Finance Ministry statement released Thursday. In fact, some IMF observations could challenge the framework of the so-called 'financial gap' draft law, which still awaits committee reviewal. The mood before the visit The IMF returns to Beirut amid disagreements and contested reforms The draft law's initial approach is based on a specific sequence: the total loss would be assessed only after a preliminary 'cleansing' of deposits. This...
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