The launch of the Arab Banking Forum in Beirut .. and calls for the restructuring of the financial sector

Finance Minister Yassin Jaber inaugurated the work of the regional forum organized by the Arab Banking Union in Beirut under the title: “Programs to help economic and banking sectors in countries that witness crises- the experiences of Arab countries and the expertise of advanced banking sectors”, with the participation of Lebanese and Arab economic and diplomatic figures.

During the opening session, the President of the International Federation of Arab Banqueers, Dr. Joseph Taraby stressed that banking and monetary reform is a basic entry point for sustainable development, by enhancing the formalization of banks, risk management, financial inclusion and digitization, in addition to the independence of central banks and the control of inflation. He considered that the experiences of Egypt, Jordan, Morocco and the Gulf states in financial and banking reforms have proven the possibility of converting crises into opportunities, calling for the creation of joint Arab mechanisms to confront crises such as regional emergency funds. Tarbet stopped at the Lebanese experience that reflected the size of the risks resulting from the absence of governance and sound economic policies, stressing that the restructuring of the banking sector and the treatment of “financial gap” between the assets between the assets The obligations constitute an entry point for any recovery plan. For his part, Dr. Nerngan Seringi gave a speech in the name of Eskua, offering the reality of public debt in the region, which amounted to about $ 1.6 trillion in 2024, with increasing financing pressures and almost rigid economic growth. He stressed that banks remain a pillar of financial stability, but they are required to enhance risk management and build organizational flexibility, in addition to diversifying assets and financing and adopting innovative tools such as green bonds and debt for climate. Poverty and unemployment. He believed that the treatment requires a comprehensive vision of a balance between protecting depositors and the continuity of banks, as well as rational financial policies and social safety networks, stressing that the council constitutes a platform for dialogue and the formulation of solutions. Banking and the approval of the banking reform law, and working on additional laws to restore financial regularity and return the deposits.