3 Days
Source:
الكتائب اللبنانية
Parliament considers Banking Reform Law amendments
The discussion of the bank restructuring law in Parliament pertains to an attempt to pass the legislation following partial agreement between the Ministry of Finance and Banque du Liban (the Central Bank), with some reservations from the International Monetary Fund regarding certain provisions, especially those related to the powers of the Central Bank. Not all amendments that would preserve its independence have been adopted. Despite progress in the discussions, disagreements still remain over some clauses. These amendments are considered important for implementing fundamental reforms in the banking sector and enhancing Lebanon’s credibility internationally.
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