Kanaan: Financial laws need deposit guarantees

The head of the Finance and Budget Committee, Deputy Ibrahim Kan'an, emphasized that restoring confidence in Lebanon's financial system requires ensuring the return of depositors' funds. He stated that the economic recovery plan spans several years and includes reforms in the government, Banque du Liban (the Central Bank), and the banking sector. He warned that outright foreclosure of deposits hinders economic revival and prevents the restoration of trust. He called for investing the country's resources and combating corruption to achieve this, while highlighting the importance of a structured distribution of responsibility among the government, banks, and Banque du Liban.

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