IMF: Bank structure law needs to be modified

Within the framework of following up the reform steps at the economic and financial levels, a delegation from the International Monetary Fund began its visit to Lebanon, which will continue until Friday, 26, amid an official Lebanese endeavor to complete the agreement with the fund as soon as possible, as it is one of the basic doors to obtain any external aid, according to what countries and donors confirm, despite the approval of those involved in the difficulty of completing this step soon, according to what the Diyar reported.

A follow -up to the visit, which I included in the framework of the ongoing preparations for the participation of the Lebanese delegation in the fall meetings of the International Monetary Fund and the World Bank held in Washington in October, noting that the delegation will inform the margins of the visit to what the discussions reached while the “financial gap” law and the restoration of deposits, stuck at the unauthorized government formula until now, while the Bank of Lebanon ended its form, confirming that the fund is the fund He will stress the necessity of taking its notes and amending the law related to restructuring the banking sector, especially while holding responsibilities according to the following order: Banks, Bank of Lebanon (it is said that he determined the percentage of its responsibility by 40%), the state, the depositors.
The circles continued, that the delegation will also review the 2026 budget law specifically in terms of the deficit, while the Ministry of Finance will present the government’s plan for the next four years, in terms of raising the percentage of financial flows coinciding with the application of more reforms, while raising customs and tax revenues after activating the collection and controlling tax evasion.