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MTV Lebanon
Farid Al-Boustani on Urgent Banking Reforms
The head of the National Economy Committee and MP Fared Al-Bustani emphasized that the law to restructure the national banks is an urgent necessity. It will be discussed after implementing the required amendments from the International Monetary Fund, aiming to boost international confidence and demonstrate Lebanon's reformist intentions. He highlighted the importance of a comprehensive audit of the banks' assets and the financial sector at the start of a new era in Lebanon beginning in 2025, to assess the true banking situation before enacting new legislation. He confirmed that resolving the financial crisis requires a clear and transparent evaluation of the banking sector's conditions and that all relevant parties must assume responsibility.
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