News
Latest News
news bulletin
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Other News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Beirut
27
o
Bekaa
19
o
Keserwan
28
o
Metn
28
o
Mount Lebanon
23
o
North
27
o
South
25
o
Live
Video
Audio
Schedule
shows
العربية
watching now
Arous Beirut
SUBSCRIBE
Home
Notification
Live
Video
Audio
shows
Beirut
27
o
Bekaa
19
o
Keserwan
28
o
Metn
28
o
Mount Lebanon
23
o
North
27
o
South
25
o
News
Programs
The News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Programs
Series
Movies
Documentaries
Variety
Comedy
Talk Show
News Bulletin
Sports
Breaking News
Latest News
Highlighted News
Most Read
Videos
العربية
Watch the latest programs and the latest developments on your favorite screen
Shows
Join millions of followers
Who We Are
Contact Us
Advertise With Us
Careers
Channel frequencies
Privacy Policy
Terms and Conditions
IMF tells Lebanese delegation time is running out: LBCI sources
Lebanon Economy
31-01-2023 | 06:15
High views
Share
Share
3
min
IMF tells Lebanese delegation time is running out: LBCI sources
Ten months have passed since Lebanon and the International Monetary Fund signed the initial Staff-Level Agreement, and since then, almost a complete disconnection between the two parties.
There has been a delay in implementing the required reforms, according to what members of the IMF confirmed when they met the Lebanese parliamentary delegation in Washington.
The meeting between the two sides lasted for two hours, during which the IMF confirmed that time is running out for Lebanon. In the event that a year has passed since the initial agreement, the agreement may become invalid, and Lebanon will need a new deal, significantly since the economic situation has changed dramatically, especially with the deterioration of the exchange rate.
As for the required reform laws whose passing by the parliament has been delayed, the IMF considered that the final version of the banking secrecy law issued by parliament has significant deficiencies, especially in terms of the powers of the Banking Control Commission.
The IMF also expressed its reservation on the fact that the Lebanese side has not yet discussed the content of the other required draft laws, namely: the Capitol Control Law, which the joint parliamentary committees have completed its study, the Financial Recovery Law, in addition to the Banks Restructuring Law, which the parliament has not yet begun to study.
The IMF, which had reviewed the 2022 budget prepared by the government, had reservations about the formula approved by parliament. It also reaffirmed its rejection of the wage increase.
As for the issue of distributing losses and reconstituting deposits, the IMF reaffirmed that writing off part of deposits is inevitable and that any investment of state assets cannot address the vast gap, despite the proposal of several MPs for other solutions. MPs Elias Bou Saab and Neamat Freim suggested during the meeting the reconstitution of all deposits without any haircuts in a long-term plan based on a sovereign wealth fund investing in state resources.
The IMF also suggested to the Lebanese side that the reforms should be discussed in a package as one recovery plan for better assessment and application.
In any case, Lebanon will have a new date with the International Monetary Fund delegation that will visit Lebanon in March, so can Lebanon save the current staff-level agreement before it is too late?
Breaking Headlines
Lebanon News
Lebanon Economy
News Bulletin Reports
IMF
Lebanon
Economy
International
Monetary
Fund
Delegation
Time
Running
Out
US
Washington
Reform
Laws
Agreement
Event
Next
President Aoun emphasizes importance of agricultural sector, highlights efforts to boost exports to Gulf countries
Recommended For You
d-none hideMe
0
Lebanon Economy
03:28
Gasoline prices drop, gas price rises in Lebanon
Lebanon Economy
03:28
Gasoline prices drop, gas price rises in Lebanon
0
News Bulletin Reports
2025-07-02
Six years on, Lebanon’s banking crisis deepens without legislative solution
News Bulletin Reports
2025-07-02
Six years on, Lebanon’s banking crisis deepens without legislative solution
0
Lebanon Economy
2025-06-30
Mohammad Choucair discusses Brazil’s customs exemption for Lebanese goods with Lebanese-Brazilian Business Council
Lebanon Economy
2025-06-30
Mohammad Choucair discusses Brazil’s customs exemption for Lebanese goods with Lebanese-Brazilian Business Council
0
News Bulletin Reports
2025-06-28
Legal cannabis in Lebanon: A long-stalled plan finally takes root
News Bulletin Reports
2025-06-28
Legal cannabis in Lebanon: A long-stalled plan finally takes root
Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
0
Lebanon News
2025-06-04
Jeita Grotto to reopen in coming weeks after six-month closure
Lebanon News
2025-06-04
Jeita Grotto to reopen in coming weeks after six-month closure
0
Lebanon News
04:59
Reuters: Hezbollah considering scaling back its arsenal
Lebanon News
04:59
Reuters: Hezbollah considering scaling back its arsenal
0
News Bulletin Reports
2025-07-03
As clock ticks, Lebanon faces pressure over UNIFIL and Hezbollah's weapons — the details
News Bulletin Reports
2025-07-03
As clock ticks, Lebanon faces pressure over UNIFIL and Hezbollah's weapons — the details
0
News Bulletin Reports
2025-07-01
Inside Israeli-Syrian normalization talks: What does a peace agreement offer both sides?
News Bulletin Reports
2025-07-01
Inside Israeli-Syrian normalization talks: What does a peace agreement offer both sides?
Videos
d-none hideMe
0
Lebanon News
2025-07-01
Massive fire erupts at unregulated dumpsite in Bchannine, Zgharta district
Lebanon News
2025-07-01
Massive fire erupts at unregulated dumpsite in Bchannine, Zgharta district
0
Lebanon News
2025-06-10
Clash between Lebanese Army and residents of Deir Qanoun Al Nahr results in injuries (Video)
Lebanon News
2025-06-10
Clash between Lebanese Army and residents of Deir Qanoun Al Nahr results in injuries (Video)
0
Lebanon News
2025-06-04
Mexico dedicates garden around Lebanese Emigrant Statue in Beirut to mark 80 years of diplomatic ties
Lebanon News
2025-06-04
Mexico dedicates garden around Lebanese Emigrant Statue in Beirut to mark 80 years of diplomatic ties
0
Lebanon News
2025-05-19
President Aoun to seek Egyptian support for Lebanese Army in detecting explosives and tunnels
Lebanon News
2025-05-19
President Aoun to seek Egyptian support for Lebanese Army in detecting explosives and tunnels
0
Lebanon News
2025-05-15
LBCI Exclusive: US steps up pressure on Hezbollah, Morgan Ortagus details sanctions and vision for Lebanon's future
Lebanon News
2025-05-15
LBCI Exclusive: US steps up pressure on Hezbollah, Morgan Ortagus details sanctions and vision for Lebanon's future
0
Lebanon News
2025-05-11
Kuwait rolls out official welcome for Lebanon's President Aoun – video
Lebanon News
2025-05-11
Kuwait rolls out official welcome for Lebanon's President Aoun – video
0
Lebanon News
2025-05-11
Security incidents temporarily disrupt voting in several Akkar and Minieh-Danniyeh centers
Lebanon News
2025-05-11
Security incidents temporarily disrupt voting in several Akkar and Minieh-Danniyeh centers
0
News Bulletin Reports
2025-05-09
EU ambassador says 'we are not just donors, but genuine partners to Lebanon': Insights from exclusive LBCI interview
News Bulletin Reports
2025-05-09
EU ambassador says 'we are not just donors, but genuine partners to Lebanon': Insights from exclusive LBCI interview
0
Lebanon News
2025-04-23
US envoy Morgan Ortagus hails Lebanese diaspora, says country stands at a crossroads
Lebanon News
2025-04-23
US envoy Morgan Ortagus hails Lebanese diaspora, says country stands at a crossroads
Most read
d-none hideMe
24 hours
7 days
Month
1
Lebanon News
04:59
Reuters: Hezbollah considering scaling back its arsenal
Lebanon News
04:59
Reuters: Hezbollah considering scaling back its arsenal
2
Lebanon News
06:13
Amal Movement demands Israeli withdrawal, rejects political conditions tied to reconstruction
Lebanon News
06:13
Amal Movement demands Israeli withdrawal, rejects political conditions tied to reconstruction
3
News Bulletin Reports
12:48
Future of Hezbollah's arsenal: US envoy's visit nears as Lebanon finalizes response to US proposal
News Bulletin Reports
12:48
Future of Hezbollah's arsenal: US envoy's visit nears as Lebanon finalizes response to US proposal
4
Lebanon News
12:25
Israeli army says it killed Lebanese operative linked to Iran's Quds Force
Lebanon News
12:25
Israeli army says it killed Lebanese operative linked to Iran's Quds Force
5
News Bulletin Reports
13:05
Trump-Netanyahu talks loom: Syria sets conditions for recognizing Israel
News Bulletin Reports
13:05
Trump-Netanyahu talks loom: Syria sets conditions for recognizing Israel
6
Lebanon Economy
03:28
Gasoline prices drop, gas price rises in Lebanon
Lebanon Economy
03:28
Gasoline prices drop, gas price rises in Lebanon
7
Lebanon News
12:36
Sources to LBCI: Lebanon to hold key meeting on US proposal response at Baabda Palace
Lebanon News
12:36
Sources to LBCI: Lebanon to hold key meeting on US proposal response at Baabda Palace
8
Middle East News
03:42
Israeli Defense Minister says army will 'ensure Iran cannot threaten' country again
Middle East News
03:42
Israeli Defense Minister says army will 'ensure Iran cannot threaten' country again
Download now the LBCI mobile app
To see the latest news, the latest daily programs in Lebanon and the world
Google Play
App Store
We use
cookies
We use
cookies
to make
your experience on this
website better.
Accept
Learn More