Kanaan urges clear recovery plans for modifications

The Finance and Budget Committee in Lebanon, headed by Deputy Ibrahim Kanaan, held a session to discuss the bank restructuring law. During the meeting, 11 articles out of the proposed materials were approved, while discussions on other articles will continue in an upcoming session. Kanaan emphasized the importance of clarifying the mechanisms for recovering deposits and linking them to the gap law, stressing that funding and accountability must be transparent to ensure the rights of depositors. He pointed out that implementing the law is also connected to negotiations with the International Monetary Fund, and that financial solutions require cooperation between the government, the Parliament, and the IMF.

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