International Monetary Fund

Before Restructuring Banks, the Government Must Acknowledge the Systemic Crisis

This is Beirut, 10/04 14:15 - Reading : 5 minute(s)

Banks International Monetary Fund Central Bank

Lebanon’s Cabinet approved on Tuesday the statement of justification for the draft law on the reorganization of banks, with a follow-up session scheduled for Friday to finalize the text. The initiative is framed by two core principles the government says it upholds: safeguarding depositors’ rights and revitalizing the banking sector so it can ...

US Envoy Calls for Hezbollah’s Disarmament to Secure Lebanon’s Future

This is Beirut, 08/04 15:05 - Reading : 3 minute(s)

USA Hezbollah Lebanese Army International Monetary Fund Morgan Ortagus

In an interview with Al Arabiya News anchor Hadley Gamble, US Deputy Special Envoy for the Middle East Morgan Ortagus urged for the complete disarmament of Hezbollah. She compared the Iran-backed group to a “cancer” that Lebanon must excise if it hopes to recover. During a diplomatic visit to the United Arab Emirates, Ortagus emphasized that ...

Finance Committee Postpones Decision on Lebanon's IMF Contribution

This is Beirut, 07/04 15:05 - Reading : less than a minute

International Monetary Fund Finance Committee Ibrahim Kanaan

The parliamentary Finance and Budget Committee, chaired by MP Ibrahim Kanaan, has reaffirmed its commitment to “positive cooperation” with the International Monetary Fund (IMF). However, it decided to postpone its decision on increasing Lebanon's contribution to the institution by $423 million. The committee is waiting to consult with Finance ...

US Senators Back Lebanese Army in Curbing Hezbollah

This is Beirut, 04/04 11:50 - Reading : 2 minute(s)

Hezbollah USA Lebanese Army International Monetary Fund Joseph Aoun US Senate

US Senators Jim Risch (R-Idaho) and Jeanne Shaheen (D-N.H.), ranking members of the Senate Foreign Relations Committee, issued a joint statement on Friday calling on Lebanon’s new government to seize the moment to reduce Hezbollah’s influence and implement crucial economic reforms. “We are at a critical moment in Lebanon,” the senators ...

Salam Says There Will Be No Bank Deposit Haircuts

This is Beirut, 21/03 17:35 - Reading : 2 minute(s)

Banks International Monetary Fund Hezbollah Saudi Arabia

Prime Minister Nawaf Salam stated on Friday that “there will be no suppression of bank deposits,” and that he would “cross out the term ‘suppression of deposits,’” in a meeting at the Serail with a delegation from the Council of Lebanese Executives in Saudi Arabia. He added that his government’s objective is be to “return” the ...

IMF Mission Concludes Meetings in Beirut

Maurice Matta, 13/03 22:40 - Reading : 3 minute(s)

International Monetary Fund Banks Joseph Aoun Banque du Liban Washington

Finance Minister Yassine Jaber made reassuring remarks regarding negotiations with the International Monetary Fund (IMF) following an extensive meeting held at the Ministry of Finance with the IMF mission. During the meeting, Jaber affirmed that the elimination or partial deduction of bank deposits is a sovereign and national decision, ...

Money Laundering: Efforts to Remove Lebanon from the Grey List

Liliane Mokbel, 03/03 14:00 - Reading : 3 minute(s)

Central Bank of Lebanon International Monetary Fund Hezbollah FATF Terrorism Money laundering

The arrest this weekend of a passenger carrying $2.5 million in cash at Beirut’s International Airport marks an important step in the fight against the illegal transport of currency. This action underscores the Lebanese authorities' commitment to tightening controls and curbing such practices. Under the supervision of General Fadi Kfoury, the ...

IMF to Unveil New Loan Package for Egypt

This is Beirut, 06/02 20:40 - Reading : 1 minute(s)

International Monetary Fund Houthi Palestine Washington

The International Monetary Fund (IMF) plans to submit a new loan agreement with Egypt for approval by its board, the global lender’s communications chief said Thursday, as the country seeks to strengthen its economy. “A policy package of reforms will be considered by the Fund’s executive board, along with the fourth review of Egypt’s ...

All Eyes on the Ministry of Finance

Natasha Metni Torbey, 27/01 22:00 - Reading : 4 minute(s)

Amal Banks Central Bank of Lebanon Hezbollah International Monetary Fund

The exception is not the rule. This saying does not apply to Lebanon, where for over a decade, well after the signing of the Taif Agreement in 1989, the Amal-Hezbollah duo has persistently claimed—“de facto and de jure,” as they often assert—the Ministry of Finance, one of the most coveted portfolios in the country. The reasons behind ...

IMF chief tells Europe to take page out of US book

This is Beirut, 24/01 16:00 - Reading : 2 minute(s)

International Monetary Fund Europe USA Donald Trump Davos

With the European economy lagging behind the United States, the head of the International Monetary Fund had a piece advice for the continent on Friday: "Believe in yourself." There was much handwringing about Europe losing its competitive edge at the World Economic Forum in Davos this week, with the European Union racing to act to catch up with ...

Saudis showcase charm offensive in Davos

This is Beirut, 24/01 15:20 - Reading : 3 minute(s)

Formula One International Monetary Fund Saudi Arabia Davos Diplomacy

Two buildings branded "Saudi House" and "Saudi At Davos" stand out on the chic main street of the Swiss Alpine village hosting the World Economic Forum, showcasing the kingdom's growing presence at major international events. Saudi officials and business leaders make the annual pilgrimage to the meeting of the world's global elites every year, ...

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