Jaber emphasizes banking reform as key to securing international support

Finance Minister Yassine Jaber affirmed that Lebanon faces a significant opportunity to implement economic reforms, especially in the banking sector. He emphasized the necessity of completing the financial gap law and restructuring the banks. He explained that international support, including from the International Monetary Fund and the World Bank, is contingent upon Lebanon making progress in these reforms. The advances achieved so far are encouraging more international interest. Jaber called for cooperation between the government and the Parliament to pass the necessary legislations, highlighting that the recovery of the banking sector’s core functions is essential for economic growth. He also confirmed that ongoing collaboration projects with the World Bank and the security sector have enabled Lebanon to benefit from enhanced regional cooperation, with a focus on the importance of working toward security and stability to support economic development efforts.

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