October 1, 2026
The International Monetary Fund announced that concluding a new agreement with Lebanon to provide financial support remains contingent on continuing the implementation of a package of basic structural reforms in the economy and the banking sector.
The Fund’s spokeswoman, Julie Kozak, explained that achieving tangible progress on the path of the agreement requires the entry into force of the Banking Conditions Remediation Law, in addition to the adoption of legislation that contributes to addressing the financial gap in accordance with approved international standards.
Kozak stressed the need for the reform path to include preparing a general budget for the year 2027, in addition to setting a medium-term financial framework that is compatible with the requirements for the sustainability of public debt in the country.
In this context, the IMF welcomed the bank restructuring law, considering it a pivotal step on the path to reform. This comes at a time when the law was recently referred to the Constitutional Council, where the international institution confirmed that it will work to evaluate any possible amendments that may have occurred or may occur to the law and the extent of their consistency with international standards.
