Negotiations with Fund and Central Bank progress
The IMF mission has concluded that its negotiations with Lebanon have ended without reaching a final agreement. However, there is consensus on organizing the next phase of discussions regarding a draft financial regulation law and deposit recovery, based on a set of fundamental principles. The talks focused on the need to address the prioritization of claims, to recapitalize banks in a coherent manner, and to handle the debt between the state and the central bank transparently and sustainably. Additionally, mechanisms were emphasized to ensure the liquidity and verifiability of the financial system. Both parties agreed on the importance of understanding the principles before discussing the details of the law, with Banque du Liban (Banque Lebanon) stressing the avoidance of committing to unfulfillable promises and guiding the discussion toward measures that balance depositors' rights and financial stability.
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