2 Days
Source:
التيار الوطني الحر
Source: التيار الوطني الحر
2 Daysالتيار الوطني الحر
Source: التيار الوطني الحر
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Lebanon’s negotiations with the International Monetary Fund over the Financial Regularization and Deposit Recovery Law center on four issues: which body will lead the restructuring of the banks, the order in which losses will be allocated, how to deal with what are known as “irregular transactions,” and the state’s contribution to covering the losses. The disagreements include whether to wipe out the banks’ capital or retain a 20% increase, and whether to write off around $24 billion in deposits. Meanwhile, Banque du Liban is seeking around $25 billion from the state. It proposes settling the amount through a perpetual bond yielding $600 million a year, or through fixed annual payments. The Fund is to assess whether these obligations are compatible with debt sustainability and the state’s ability to repay over a period of 20 years or more.
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