Salam Says Differences With IMF Over Depositor Law Can Be Resolved

Prime Minister Nawaf Salam voiced confidence that his government can resolve outstanding differences with the International Monetary Fund over draft legislation designed to allow depositors to recover billions of dollars frozen in the country’s crippled banking system.

Salam said discussions with the IMF remain ongoing, as Beirut seeks to advance reforms seen as critical to stabilizing the financial sector and restoring public trust in banks. The proposed law forms part of a broader reform package aimed at unlocking stalled funds and laying the groundwork for economic recovery after years of financial turmoil.

“The IMF wants more clarifications on a number of matters,” Salam said in an interview with Bloomberg. “In my view, any observations and remarks constitute a gap that can be bridged.”

Salam stressed that reaching common ground with the IMF is essential to ensuring the law’s successful implementation. Securing the Fund’s backing is widely viewed as a prerequisite for unlocking broader international support and restoring confidence in Lebanon’s battered financial institutions.