IMF Surprised by Presidential Veto on Bank Law

The International Monetary Fund was surprised by the presidential veto of the Lebanese banking restructuring law, which came after a preliminary agreement with the government on financial and banking reforms, including the law itself. The Fund fears that this dispute could impact international assistance to Lebanon, emphasizing the importance of unifying political decision-making to strengthen the country's capacity for reconstruction and to reform the banking sector and address the financial gap.

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