IMF Praises Bank Restructuring Law

The Lebanese Ministry of Finance announced that the International Monetary Fund praised the approval of the bank restructuring law, considering it an important step reflecting Lebanon's commitment to aligning with international practices and strengthening the stability of the banking sector. The message confirmed that the law is part of a comprehensive reform path aimed at addressing financial imbalances, achieving financial stability, and providing clear mechanisms for restructuring banks that need it. This recognition comes ahead of the resumption of negotiations with the IMF in mid-September and reflects legislative and reform progress that contributes to restoring confidence and achieving financial reform in Lebanon.

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