The International Monetary Fund (IMF) concluded its mission to Lebanon by urging the country to strengthen recently approved economic reforms and take a more ambitious approach to its budget. Specifically, the IMF noted that Lebanon’s new Bank Resolution Law requires further refinement to meet international standards.
IMF mission chief Ernesto Ramirez Rigo indicated that the Fund has suggested amendments to the Lebanese government aimed at better protecting small depositors and ensuring sustainable public debt. Concerns reportedly include the law’s potential lack of buffers against conflicts of interest and too much leeway granted to commercial banks.
Additionally, the IMF advised Lebanon to pursue tax policy reforms and adopt a more ambitious 2026 budget. These fiscal changes should prioritize reconstruction efforts and social protection for a population grappling with six years of economic collapse and recent conflict. Despite repeated pledges, observers worry that policymakers are still failing to adequately protect the most vulnerable citizens.
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