Lebanon’s President Joseph Aoun stressed restoring internal and external confidence during a Cabinet meeting. He highlighted the significance of finalizing an IMF program, established a committee for key recommendations, and noted the need for economic reforms. The meeting also discussed regional security and announced the release of Lebanese prisoners held by Israel.
In a recent Cabinet session, Lebanese President Joseph Aoun highlighted the need to restore both internal and external confidence in Lebanon. He began the meeting by confirming that the state budget for 2025 had been signed at the last gathering and directed the Finance Minister to ensure expenditure monitoring in compliance with Article 118 of the Public Accounting Law. The Finance Minister is also tasked with providing quarterly spending reports.
President Aoun updated his ministers about a recent meeting with a delegation from the International Monetary Fund (IMF). He announced the establishment of a dedicated committee to oversee key IMF recommendations, which will include the Finance Minister, the Economy Minister, the acting governor of Banque du Liban (BDL), two advisors, and Lamia Moubayed, an advisor to the Prime Minister.
The IMF delegation stressed the importance of Lebanon finalizing a program with the fund prior to the summer, reflecting on prior failed attempts. President Aoun reiterated that economic, financial, and banking reforms are crucial for restoring confidence in the nation. Further recommendations from the IMF suggested the appointment of a new BDL governor, the creation of a unified data center for the Finance Ministry, and urgent legislative amendments, including alterations to the banking secrecy law and bank restructuring legislation.
Concerning regional security, President Aoun stated that security agencies, along with the defense and interior ministries, are closely monitoring developments in Syria to ensure preparedness. Additionally, he announced the release of five Lebanese prisoners held by Israel, attributing their return to indirect negotiations.
In summary, President Joseph Aoun’s remarks during the Cabinet meeting underscore the urgent need for structural reforms in Lebanon’s economy and governance. He emphasized the critical role of the IMF’s guidance and the importance of appointing new leadership within financial institutions. By addressing these issues, Lebanon aims to restore confidence domestically and internationally, while ensuring readiness for regional security challenges.
Original Source: www.lbcgroup.tv
