Economy
Financial Gap Law
A law aimed at determining and distributing the financial losses of Lebanon's central bank, a key IMF requirement.
The Financial Gap Law is Lebanese legislation aimed at determining the size of financial losses in the banking sector and the central bank and distributing them among the state, the central bank, banks, and depositors. Its passage is a key condition for reaching an agreement with the IMF under a financial recovery plan. It has been delayed for years due to political disputes over loss distribution and protecting small depositors.
Written by AI and not yet reviewed by an editor.