The Nationalyesterday

IMF says more progresses needed on Lebanon's banking sector reform

The International Monetary Fund on Friday said Lebanon's bank restructuring law remains a key sticking point as Beirut looks to secure a new economic reform programme with the multilateral lender. The fund said progress was made in discussions on the country's banking sector restructuring strategy during a November 11-13 staff-level visit to Lebanon and that further engagement is expected to continue. "However, further work is needed to reach an agreement on a strategy for…