Lebanon’s Association Of Banks Declared Its Unity After Suspension Of Memberships

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Lebanon

Lebanon’s Association Of Banks Declared Its Unity After Suspension Of Memberships

During their board meeting on June 27, Lebanon’s Banks Association (ABL) restated their unity and urged Lebanon to reach a deal with the International Monetary Fund (IMF). According to the association’s statement, the agreement with the IMF is needed to restructure and revive the economy by implementing crucial reforms. The Board of Directors asked the Lebanese state to take responsibility for their part in the financial losses estimated at $70 billion. This statement comes to declare a united stance by […]

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During their board meeting on June 27, Lebanon’s Banks Association (ABL) restated their unity and urged Lebanon to reach a deal with the International Monetary Fund (IMF). According to the association’s statement, the agreement with the IMF is needed to restructure and revive the economy by implementing crucial reforms. The Board of Directors asked the Lebanese state to take responsibility for their part in the financial losses estimated at $70 billion. This statement comes to declare a united stance by […]