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
20
o
Mount Lebanon
18
o
Metn
18
o
Keserwan
18
o
North
20
o
South
19
o
Bekaa
14
o
Live
Video
Audio
Schedule
shows
العربية
watching now
Religious Movies
SUBSCRIBE
Home
Notification
Live
Video
Audio
shows
Beirut
20
o
Mount Lebanon
18
o
Metn
18
o
Keserwan
18
o
North
20
o
South
19
o
Bekaa
14
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
Documentaries
Lebanon’s Centennial
News Bulletin
The Untold History
Talk Show
Series
Sports
Variety
Other
Comedy
Oldies
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
2023-01-31 | 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
Lebanon's Economy Ministry, WFP sign agreement to enhance price transparency and consumer protection
Recommended For You
d-none hideMe
0
News Bulletin Reports
2024-05-03
Aid for Lebanon: EU announces one billion euro aid package for Lebanon
News Bulletin Reports
2024-05-03
Aid for Lebanon: EU announces one billion euro aid package for Lebanon
0
Lebanon Economy
2024-05-02
EU commits €1 billion package for Lebanon, European Commission President announces
Lebanon Economy
2024-05-02
EU commits €1 billion package for Lebanon, European Commission President announces
0
News Bulletin Reports
2024-04-30
Bank Employees' Critique of Government's Banking Plan Amid Lebanon's Financial Crisis
News Bulletin Reports
2024-04-30
Bank Employees' Critique of Government's Banking Plan Amid Lebanon's Financial Crisis
0
Lebanon Economy
2024-04-30
Fuel prices drop across Lebanon
Lebanon Economy
2024-04-30
Fuel prices drop across Lebanon
Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
0
Israel-Gaza War Updates
00:19
UN accuses Israel of blocking aid to Gaza amid famine warnings
Israel-Gaza War Updates
00:19
UN accuses Israel of blocking aid to Gaza amid famine warnings
0
Lebanon News
2024-05-03
Abou Nader: Lebanese people reject European aid as a bribe to contain refugees
Lebanon News
2024-05-03
Abou Nader: Lebanese people reject European aid as a bribe to contain refugees
0
Lebanon News
2024-04-22
GCC stands firm: Support for stability in Lebanon
Lebanon News
2024-04-22
GCC stands firm: Support for stability in Lebanon
0
Variety and Tech
2023-10-03
Meta planning ad-free subscription or tracking ads ‘choice’ in EU, per WSJ — in latest bid to keep snooping
Variety and Tech
2023-10-03
Meta planning ad-free subscription or tracking ads ‘choice’ in EU, per WSJ — in latest bid to keep snooping
Videos
d-none hideMe
0
Lebanon News
2024-04-30
University Students Organize Solidarity Protest for Palestine (VIDEO)
Lebanon News
2024-04-30
University Students Organize Solidarity Protest for Palestine (VIDEO)
0
Lebanon News
2023-12-11
Breaking: Israel launches raid north of Litani on Monday (Video)
Lebanon News
2023-12-11
Breaking: Israel launches raid north of Litani on Monday (Video)
0
Lebanon News
2023-11-02
Exclusive to LBCI: U.S. State Department's Wooster Stresses Lebanon Must Avoid War, Sees Renewed Push for Two-State Solution
Lebanon News
2023-11-02
Exclusive to LBCI: U.S. State Department's Wooster Stresses Lebanon Must Avoid War, Sees Renewed Push for Two-State Solution
0
Lebanon News
2023-10-18
Protests Erupt near US Embassy in Awkar Against Israeli Attacks on Al-Maamadani Hospital in Gaza
Lebanon News
2023-10-18
Protests Erupt near US Embassy in Awkar Against Israeli Attacks on Al-Maamadani Hospital in Gaza
0
Lebanon News
2023-10-05
ATFL's Ambassador Edward Gabriel on Navigating Through Economic, Political, and Refugee Crises
Lebanon News
2023-10-05
ATFL's Ambassador Edward Gabriel on Navigating Through Economic, Political, and Refugee Crises
0
Sports News
2023-08-31
Amir Saoud Powers Lebanon to Victory Over Cote d'Ivoire: A Deep Dive Into The Numbers
Sports News
2023-08-31
Amir Saoud Powers Lebanon to Victory Over Cote d'Ivoire: A Deep Dive Into The Numbers
0
Sports News
2023-08-29
France Edges Past Lebanon in a Nail-Biter at FIBA World Cup 2023: A Statistical Deep Dive
Sports News
2023-08-29
France Edges Past Lebanon in a Nail-Biter at FIBA World Cup 2023: A Statistical Deep Dive
0
Lebanon News
2019-02-28
Pierre el-Daher, the man who defeated the Lebanese Forces
Lebanon News
2019-02-28
Pierre el-Daher, the man who defeated the Lebanese Forces
Most read
d-none hideMe
24 hours
7 days
Month
1
News Bulletin Reports
16:28
Lebanese Woman Brutally Murdered, Sexually Assaulted at Hotel in Beirut
News Bulletin Reports
16:28
Lebanese Woman Brutally Murdered, Sexually Assaulted at Hotel in Beirut
2
Lebanon News
05:39
Israeli airstrike kills three in southern Lebanon
Lebanon News
05:39
Israeli airstrike kills three in southern Lebanon
3
Lebanon News
07:17
Hezbollah launches 'dozens' of rockets on northern Israel in response to civilian deaths in southern Lebanon
Lebanon News
07:17
Hezbollah launches 'dozens' of rockets on northern Israel in response to civilian deaths in southern Lebanon
4
Israel-Gaza War Updates
03:30
Hamas leader says movement won't accept truce without 'permanent halt to war' in Gaza
Israel-Gaza War Updates
03:30
Hamas leader says movement won't accept truce without 'permanent halt to war' in Gaza
5
Middle East News
10:18
Israel halts Al Jazeera broadcasts
Middle East News
10:18
Israel halts Al Jazeera broadcasts
6
Middle East News
08:09
Israeli government orders confiscation of Al Jazeera's equipment following decision to shut it down
Middle East News
08:09
Israeli government orders confiscation of Al Jazeera's equipment following decision to shut it down
7
News Bulletin Reports
16:41
Tensions Mount Amidst Stalled Prisoner Exchange Talks and Escalating Border Clashes
News Bulletin Reports
16:41
Tensions Mount Amidst Stalled Prisoner Exchange Talks and Escalating Border Clashes
8
Israel-Gaza War Updates
00:19
UN accuses Israel of blocking aid to Gaza amid famine warnings
Israel-Gaza War Updates
00:19
UN accuses Israel of blocking aid to Gaza amid famine warnings
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