Lebanon Banks Say Liquidity Falls Short of Recovery Plan, Risk Insolvency
Lebanon’s commercial banks lack the liquidity required to repay depositors under a government proposal aimed at plugging an $80 billion gap in the financial system, an adviser to the lenders...
By Omar Tamo, Dana Khraiche · Bloomberg Markets
Lebanon’s commercial banks lack the liquidity required to repay depositors under a government proposal aimed at plugging an $80 billion gap in the financial system, an adviser to the lenders said, complicating an already difficult negotiation to kick-start the country’s economic recovery.