IMF Talks Ongoing in Washington
The International Monetary Fund mission wrapped up its intensive meetings in Lebanon from September 15 to 18, focusing on monitoring fiscal and economic reform measures and negotiating a new financial agreement. The main highlights concerned the progress of the financial gap law and the recovery of depositors' funds, with support from Lebanese authorities. It was noted that the enactment of the law would enable the recovery of up to $8.1 billion by the end of 2026. Additionally, a Lebanese Banking Authority official confirmed that there is a clear mechanism for handling deposits, and work is ongoing to improve the financial sector and restore confidence despite the challenges.
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