An automatic teller machine in Lebanon on July 31, 2026. (Credit: Illustration photo by Philippe HAGE BOUTROS / L'Orient-Le Jour)
After swiftly approving the general amnesty bill, which had not passed the previous day due to loss of quorum, MPs reconvened Wednesday morning and went on to pass amendments to Lebanon’s bank resolution law.Originally adopted on July 31, 2025, after intense negotiations, the draft-law is one of the key reforms required for Lebanon to move beyond the 2019 financial crisis and secure an agreement with the International Monetary Fund (IMF).Following IMF observations highlighting shortcomings in the law text, the government approved a package of amendments in May. Parliament’s Finance and Budget Committee then revised the text over seven meetings during the following two months, notably restoring provisions that had previously been removed but were sought by Banque du Liban (Central Bank, BDL), Lebanon’s Central Bank, Governor Karim...
After swiftly approving the general amnesty bill, which had not passed the previous day due to loss of quorum, MPs reconvened Wednesday morning and went on to pass amendments to Lebanon’s bank resolution law.Originally adopted on July 31, 2025, after intense negotiations, the draft-law is one of the key reforms required for Lebanon to move beyond the 2019 financial crisis and secure an agreement with the International Monetary Fund (IMF).Following IMF observations highlighting shortcomings in the law text, the government approved a package of amendments in May. Parliament’s Finance and Budget Committee then revised the text over seven meetings during the following two months, notably restoring provisions that had previously been removed but were sought by Banque du Liban (Central Bank, BDL), Lebanon’s Central Bank, Governor Karim...
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