Jaber: Banking sector rescue needs deposit recovery
Finance Minister Yassine Jaber considered that the approval by the Parliament of amendments to the Banking Sector Reform and Restructuring Law constitutes a crucial step toward addressing Lebanon’s financial crisis. He emphasized that these legislations, including the Deposit Recall Law, are essential for establishing mechanisms to handle losses, protect depositors’ rights, and facilitate negotiations with the International Monetary Fund. He pointed out that completing the legislative process is necessary to restore confidence in the financial sector and safeguard savings.
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