IMF Questions State Sovereignty Over WhatsApp

The main point of the article confirmed that the Lebanese banking reform law was passed based on WhatsApp messages from Federico Lima, the head of the IMF office in Beirut, who is leaving Lebanon at the end of the month. This constitutes a breach of the country's sovereignty. The article highlighted that the amendments approved were the result of pressure from the IMF, aligned with the interests of Hezbollah and the government, and led to a reduction of the powers of the central bank governor. They also imposed IMF control over financial decisions, posing a threat to the sovereignty of the legislative and executive authorities. Additionally, the report noted that these amendments represent an attempt to dismantle the banks and increase international influence, involving fundamental changes in the powers of banking institutions and expanding the IMF’s authority over Lebanon’s financial and monetary policies. There are concerns that these changes may lead to widespread shifts in the ownership of the banking sector and deepen international control over the country’s economy.

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