Jaber Warns Economic Reform Is Urgent

Lebanese Minister of Finance Yasin Jaber stated that the economic situation in Lebanon can no longer be postponed. He emphasized that restoring confidence and initiating the reform process are fundamental to rebuilding and achieving economic recovery. He pointed out that the agreement with the International Monetary Fund aims to demonstrate Lebanon's seriousness in implementing reforms, rather than being an end in itself. Jaber also indicated that ongoing regional tensions, especially the war between Iran and Israel, are hindering investment and tourism activities, negatively impacting the economy. He affirmed that reforming the banking sector and strengthening transparency and efficiency in public financial management are essential for restoring trust. Additionally, the Ministry of Finance is working on digital transformation to enhance transparency and reduce bureaucracy, leveraging Lebanon’s strengths such as skilled human resources, the private sector, and Arab relations. He noted that the economy now requires immediate steps to revive it and restore stability.

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