(Credit: AFP archives)
As expected, the war cast a heavy shadow over Lebanon’s participation, with a reduced delegation, in last week’s IMF Spring Meetings in Washington. Rather than clearing the final hurdles to secure an agreement, several key files, particularly those linked to public finances and reform, had to be updated.Three main issues dominated the talks: progress on amendments requested to the bank resolution law, the draft law on financial stability and deposit recovery, commonly referred to as the financial gap law, and the medium term fiscal framework (MTFF) prepared by the Finance Ministry. Some context Lebanon in talks with IMF for potential rapid financing, Bloomberg reports On the latest amendments to the banking reform law passed by Parliament in July 2025, the government, the central bank, and the IMF appear to have resolved their...
As expected, the war cast a heavy shadow over Lebanon’s participation, with a reduced delegation, in last week’s IMF Spring Meetings in Washington. Rather than clearing the final hurdles to secure an agreement, several key files, particularly those linked to public finances and reform, had to be updated.Three main issues dominated the talks: progress on amendments requested to the bank resolution law, the draft law on financial stability and deposit recovery, commonly referred to as the financial gap law, and the medium term fiscal framework (MTFF) prepared by the Finance Ministry. Some context Lebanon in talks with IMF for potential rapid financing, Bloomberg reports On the latest amendments to the banking reform law passed by Parliament in July 2025, the government, the central bank, and the IMF appear to have resolved their...
