Economic news
Lebanon banking group rejects latest draft of financial recovery plan
2022.04.23 13:56
BEIRUT (Reuters) – The Association of Banks in Lebanon on Saturday said it totally rejected the government’s latest draft of a financial recovery plan meant to pull the country out of an economic meltdown that began in 2019.
In a statement shared with Reuters, the association called the plan “disastrous” as it put the “major portion” of losses sustained by government policies on the banks and depositors.
