Tag Archives: Lebanon Banking Reform

Lebanon’s parliament approved critical changes on Thursday to its banking secrecy laws, marking a significant step toward securing international financial support. The reform, long sought by the International Monetary Fund (IMF), coincides with high-level meetings between Lebanese officials and global financial institutions in Washington. According to a statement from Speaker Nabih Berri’s office, lawmakers voted in favor of amending both …

Lebanon has taken a significant step toward addressing its ongoing financial crisis by adopting a draft law aimed at restructuring its banking sector. The move is seen as a critical milestone in meeting the reform conditions set by international lenders, particularly the International Monetary Fund (IMF), as the country continues to grapple with an economic collapse that began in 2019. …