Jaber: Lebanon Faces Key Opportunity and IMF Talks

Finance Minister Youssef Jaber emphasized that Lebanon is facing a historic opportunity to strengthen its economic reform path. He stressed the importance of completing reforms in the banking sector and passing the Financial Gap Law to capitalize on international interest, which was heightened by Lebanon's improved standing during the meetings of the International Monetary Fund and the World Bank in Bangkok. He explained that progress in reforms has encouraged increased international support, noting that continued cooperation between the government, the parliament, and the Central Bank governor is essential for achieving full consensus on the reform measures, especially regarding the Financial Gap Law. He underscored that restoring the role of the banking sector and boosting confidence in it, along with combating dependence on the cash economy, are key to achieving the desired economic growth. He affirmed that the Financial Gap Law bill is now in Parliament for discussion and enactment, and that cooperation with the World Bank is going very well to support economic projects and enhance regional collaboration.

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