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Struggle intensifies in Lebanon over IMF-sponsored bank reforms

3 May 2025
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Struggle intensifies in Lebanon over IMF-sponsored bank reforms
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Lebanon’s efforts to reform its banking system, deemed essential for recovery from the 2019 financial crisis, faces fierce opposition, including media attacks and legal challenges against NGOs supporting IMF-backed reforms. Prime Minister Nawaf Salam and President Joseph Aoun are under pressure to implement these reforms, highlighted by recent changes to banking secrecy laws aimed at enhancing transparency. However, significant challenges remain, particularly regarding the distribution of losses and repayment plans for depositors, amid allegations of a media campaign to discredit reform advocates as agents of foreign interests.

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Tags: BankIMFsponsoredintensifiesLebanonreformsStruggle
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