Al-Khouli: Revive economy with new bank licenses

The article explains that Lebanon's financial crisis has entered its seventh year without any genuine structural solution. Instead of resolving the crisis, the Central Bank continues to manage it, which hampers the revival of the Lebanese economy that relies heavily on banking sector funding. The volume of new loans does not exceed 2.5% of the gross domestic product, weakening the banking sector's capacity to finance economic activity and leading to credit stagnation. Experts are calling for a reorganization of the banking market through the issuance of licenses to new, well-capitalized banks, enabling them to attract deposits and finance projects. Such measures would promote economic growth and create jobs, emphasizing the need to shift from crisis management to solution development and to stimulate funding and investment to rejuvenate economic activity.

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