4 Days
Source:
نداء الوطن
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Study on gap law underway in government
The article discusses the amendments to the Lebanese Banking Law and their relation to the approval of the International Monetary Fund. The adjustments focus on Articles 3 and 13 of the law, which have been modified to meet the IMF's requirements. Meanwhile, the Higher Banking Council has granted extensive powers to reform the banks without external intervention. However, the final approval from the IMF has not yet been issued. The Finance Committee is awaiting the completion of the study on the Financial Gap Law, which has sparked disagreements regarding the distribution of losses between the state, banks, and depositors. This includes ongoing debates over the transformation of large deposits and long-term bonds, amid concerns about whether depositors will achieve justice in recovering their funds.
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