8 Days
Source:
نداء الوطن
Antoun Farah on Stealthing Technique
The article primarily discusses the challenges and ongoing negotiations between Lebanon and the International Monetary Fund regarding the Financial Gap Law, which is one of the most complex economic issues facing Lebanon. The focus is on the disagreements over the application of the claims hierarchy theory, with the Fund insisting on recovering its debts from the banking sector before any claims are settled. This stance is opposed by the Lebanese Central Bank (Banque du Liban), which considers it incompatible with the particularities of Lebanon’s crisis. There are concerns that this approach could lead to the closure of more banks, making it harder to return deposits and impacting preferred shareholders. The article suggests that negotiations might be delayed or that no solution will be reached before 2026, due to the divergent positions and inconsistent standards among the parties, which hinder the passage of an effective law to end the financial crisis.
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