Clarity and Realism Urged for Future Banking Sector Restoration Plan in Lebanon

Following the failure of the government's initiative to stabilize the banking sector, a banking insider informed LBCI that any subsequent strategy must be transparent to depositors.

They need assurance regarding the timeline and completeness of their deposit reimbursements.

Additionally, the upcoming plan should outline measures to ensure adequate funding for the Deposit Guarantee Fund, ensuring it can meet its commitments to depositors. Emphasizing the importance of realism, the source stressed that any plan not grounded in practical figures risks being ineffective.