Jaber: We are working seriously to reorganize the banking sector in Lebanon

This afternoon held a working meeting between the Ministry of Finance, a working meeting between the delegation of Lebanon negotiating with the International Monetary Fund and the Fund’s delegation devoted to reviewing the steps taken by Lebanon in terms of financial and banking reforms, stages and laws issued in this regard.

The meeting also discussed a detailed report prepared by the Lebanese team in this regard, dealing with the achievements, as well as the needs to complete the remainder, in preparation for the final signature with the fund, which opens up prospects for restoring the confidence of the international community in Lebanon and the flow of investment to it and promoting financial and economic stability and fortification.
The Lebanese delegation listened to the summary of the findings of the Fund’s delegation and an explanation of the views that it deems required for the Lebanese reality.
After the meeting, Finance Minister Yassin Jaber made a statement in which he said: “Today was the closing meeting with the International Monetary Fund of the committee assigned by the Council of Ministers to negotiate. The Fund’s visit included several days ago meetings with the heads of the parliament, the government, the relevant ministers, economic bodies, and many interested and concerned with economic, financial and monetary affairs and had lengthy meetings with the Bank of Lebanon.”
He added: “Of course, there is progress, but we have not yet reached a stage that there is a final agreement on a program, and we still need some time to reach that, the financial gap law has not yet ended, and they have some observations on the law of reorganizing the banking sector, and these observations can work to amend them, there is no problem, and the Speaker of the House The delegation is that it makes sense to be different views and vote in the public hall is taking place on that, but there is no problem with any modification and we will work on that. ”
He continued: “As we have informed the delegation that we are in continuous meetings to work on the issue of deposits and depositors, and we are also seriously working to reorganize and revive the banking sector, not because no one asks us to do so, but because we need a banking sector in Lebanon. Today we are on the gray list, and the cache economy overcomes, there is no room to get out of this reality, except through the return of the banking sector to work.”
And he added: “As for the financial issue, there are many reforms that are recorded. It has been deprived of the treasury from an important resource that made a decision on it to give the military grants. Indeed, we are still waiting for the State Shura Council, to issue the appropriate decision and restore these imports.
He said: “In general, we agreed that from now, and until our next visit to Washington meetings next month, work will be done to develop a plan to address the things that each of us is seen differently, and we are seriously striving to carry out the reform process and reach an agreement with the International Monetary Fund because it constitutes a confidence element in Lebanon, and for those who want Lebanon’s friends to provide grant or assistance, we seek to reach this agreement.” (National Agency)