This is Beirut, 19/12 22:30 - Reading : 3 minute(s)
Under the guise of structural reforms demanded by the International Monetary Fund (IMF), the “Gap Law” currently being prepared in Lebanon is raising growing concern. Presented as a technical tool designed to bridge the country’s massive financial shortfall, this law is now seen by many experts as a mechanism allowing the state to evade its ...
LilianeMokbel, 19/12 18:00 - Reading : less than a minute
The mindset behind the proposed “Gap Law” is one of liquidation. Targeting constitutionally protected assets will erode the country’s ability to attract investors.
This is Beirut, 18/12 16:45 - Reading : 2 minute(s)
Lebanon Nawaf Salam Council of Ministers Depositors Banks
A protest organized by the Depositors’ Associations Gathering and the Association of Expatriate Depositors was held on Thursday, bringing together representatives of depositor groups and unions in a unified show of opposition to the government’s proposed financial gap draft law. Demonstrators said the proposed legislation unfairly shifts the ...
This is Beirut, 18/12 14:15 - Reading : 4 minute(s)
Central Bank of Lebanon International Monetary Fund Lebanon Banks Banque du Liban
The Central Bank of Lebanon (BDL) issued observations regarding the International Monetary Fund (IMF)’s recent comments on the financial gap bill. BDL described the IMF’s remarks as risky and inconsistent with accounting and financial standards, noting that there is no historical precedent in a systemic crisis where a state first erodes the ...
Mario Chartouni, 18/12 12:59 - Reading : 5 minute(s)
Banks International Monetary Fund Lebanon Banque du Liban Hezbollah
For several months now, the so-called “Gap Law” (law on financial gap) has been presented as the key to resolving Lebanon’s banking crisis. Its proponents argue that it would help restore order to the financial system and pave the way for an agreement with the International Monetary Fund (IMF). But behind this technical ...
This is Beirut, 18/12 12:40 - Reading : 4 minute(s)
Banks Central Bank of Lebanon Lebanon Banque du Liban Nawaf Salam
The following article, originally written on Thursday by Lebanon Debate, is reproduced here in full to highlight their analysis of the proposed financial gap bill and its potential impact on depositors and the Lebanese banking sector: “Once again, Nawaf Salam’s government is rushing to pass the financial gap law before the end of the year, ...
This is Beirut, 18/12 12:10 - Reading : 2 minute(s)
Lebanon Banks International Monetary Fund
Lebanon Pulse published a sharply critical message from a depositor addressed to Nawaf Salam, Yassin Jaber, and Amer Bsat, accusing them of playing a central role in what the text describes as a conspiracy that began before 2019 and has culminated today with severe consequences for depositors and the banking sector. In the message, the author ...
This is Beirut, 18/12 11:55 - Reading : 1 minute(s)
Lebanese Forces Lebanon Banks Hezbollah Israel Reconstruction
Despite a boycott by Lebanese Forces and Kataeb MPs, Lebanon’s parliament met Thursday morning and approved a World Bank loan intended to support reconstruction in the war-torn south. Lebanon has been working with the World Bank on a roughly $250 million loan under the Lebanon Emergency Assistance Project aimed at supporting efforts to ...
This is Beirut, 17/12 20:00 - Reading : 3 minute(s)
In a video shared by the page El Haweyah, MP Paula Yacoubian defended the so-called “gap law” bill, presenting it as an indispensable reform and an “achievement” of Nawaf Salam’s government in the context of a prospective agreement with the International Monetary Fund (IMF). According to her, the bill would constitute the third ...
This is Beirut, 15/12 11:50 - Reading : 1 minute(s)
Banks Nawaf Salam Yassine Jaber Finance Minister Lebanon
The Depositors’ Cry Association sharply criticized Finance Minister Yassine Jaber over the proposed Financial Gap Law, accusing him of failing to protect bank customers’ funds amid Lebanon’s ongoing banking crisis. In a statement, the association questioned whether Jaber is “a conspirator on depositors’ money” or simply ...
Nadia al-Hallak for Houna Loubnan, 13/12 20:12 - Reading : 6 minute(s)
Banks Central Bank of Lebanon Banque du Liban Middle East
Amid ongoing government debates over the draft law addressing the financial shortfall and the fate of deposits, concern is growing within economic and banking circles over the plan’s potential direction. Each new draft leak highlights a deep disagreement—over how losses should be allocated and the extent of the burden the state must shoulder ...
This is Beirut, 13/12 18:35 - Reading : 3 minute(s)
Amal Hezbollah Iran Lebanon Reconstruction Banks
Lebanon’s parliamentary finance committee on Thursday approved the transfer of roughly $90 million USD in reserve funding for the Council of the South as part of the 2026 budget process to support reconstruction in areas damaged by Israeli bombardment in last year’s Israel-Hezbollah war. According to parliamentary sources ...