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Central bank expects an IMF breakthrough on depositor repayments

Samir Khoury 1 min read
File photo: a commercial bank branch in Beirut.
File photo: a commercial bank branch in Beirut. Jimmypapas — CC BY-SA 4.0

Central Bank Governor Karim Souaid said talks with the IMF are progressing at a good pace and that he expects a breakthrough by the end of the year on the contested law setting out how frozen deposits are to be repaid. The bank resolution law, approved in August, is intended to let depositors recover savings gradually.

Read the full report at Bloomberg.

Source: Bloomberg

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