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A man walks past the headquarters of the National Bank of Lebanon, in Beirut, on Nov. 10, 2026. (Credit: Joseph Eid/AFP) Add as preferred on Google The International Monetary Fund (IMF) said Friday that Lebanon must step up efforts to reach an agreement on restructuring its banking sector and distributing losses stemming from the country’s economic collapse while protecting depositors.In April 2022, the IMF and Lebanon reached a preliminary agreement on a $3 billion aid package over four years, conditional on the adoption of financial reforms.Following meetings that began Tuesday, the IMF said there had been ‘‘progress in clarifying the avenues examined by Banque du Liban and the government’’ regarding banking sector restructuring and a draft law on financial regularization and the return of deposits.However, it warned that ‘‘further work remains necessary to reach an agreement on a strategy ensuring an effective and sustainable restructuring of the Lebanese banking... You have reached your article limit.Stay informed as events unfold across a region in flux.Subscribe for $0.5/month for the first 3 months. Subscribe now Log in This article is only available to L’Orient Today subscribers. Subscribe now Log in Create a free account to continue reading this article. You’ll also receive The Morning Brief, our must-read daily digest of Middle East news. Opt out anytime Email Address Password Email Address Password I would like to receive special offers from L'Orient Today as well as selections of the best articles. Register By creating an account, you agree to the terms and conditions of use and our privacy policy. Register Or register with: Facebook
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