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LBCI Lebanon
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US Embassy praises Lebanese banking law
The approval of the bank restructuring law in Lebanon was welcomed by the U.S. Embassy, which described it as an important step toward strengthening confidence in financial institutions and restoring economic stability. The embassy conveyed to the Lebanese government its continued efforts to pass the financial gap laws, considering these reforms essential for driving sustainable economic recovery. In recent months, Lebanese leaders, including President Sleiman and President Aoun, emphasized that the law represents a fundamental reform measure to pave the way for the passage of other crucial laws, such as the financial regulation law and the deposit recovery law. The International Monetary Fund also praised the amendments to the bank reform law, affirming that these measures mark a significant step toward stabilizing the financial sector and improving the overall economic situation.
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