IMF finishes Beirut meetings Saeed on deposit plans

The team from the International Monetary Fund in Lebanon concluded its intensive meetings between September 15 and 18, focusing on advancing economic and financial reforms, particularly the Financial Gap Law and restoring confidence in the banking sector. Officials emphasized the necessity of passing the law to end the seven-year banking crisis, with an expectation of reaching a staff-level agreement amid ongoing reform measures. This would help enable Lebanon to secure greater international support and achieve the recovery of depositors' funds. They also indicated that implementing the law would strengthen trust and pave the way for restoring confidence in the banking sector, while efforts to reform the financial system and provide the necessary liquidity continue simultaneously.

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