Salam and Party Agree on Bank Restructuring

The article summarizes the political efforts in Lebanon regarding the approval of a bank restructuring law. Hezbollah MPs adopted the version proposed by the Ministry of Finance, rejecting the amendments that the Governor of Banque Lebanon attempted to push through. This stance was welcomed by Prime Minister Nofal Sunn, who appreciated the way the law was discussed, considering that adopting the Ministry’s vision reflects consensus on the upcoming phase. Conversely, Hezbollah viewed this law as an important step toward addressing the financial gap and restoring depositors’ rights, explaining that it is part of a comprehensive process that requires the issuance of additional laws, such as the Financial Gap Law. The article emphasizes that the political consensus around the government's draft reflects an understanding of the foundational principles to be relied upon, amid an attempt by Banque Lebanon’s governor to pass amendments that would have affected the final text.

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