The plan of the Association of Banks comes to light in a matter of days | Phalanges

The plan developed by the Banking Association will come to light in the coming days.

Bank sources told Al-Markazia that the plan established by the Association of Banks will see the light of day in the coming days “after it is given the last touches to approve it and work on its commercialization, especially because several experts, legislators, lawyers and bankers worked on it. “

The sources indicated that “despite our rejection of the government’s rescue plan, officials, especially the Minister of Finance, did not communicate with the banks, knowing that Minister Ghazi Wazni announced more than once his willingness to dialogue with them. and see their concerns, and how to restore confidence in the banking sector without which a new economy cannot be built. ” “

The fund will not agree … And considered that “the International Monetary Fund will not agree with what was indicated in the government’s plan regarding the banking sector that holds it responsible for all losses, starting from the bonds” Eurobonds “even internal debts and reaching the Bank of Lebanon … which means Eliminating the banking sector, knowing that Lebanon can save billions of dollars by raising electricity subsidies and fighting waste, corruption and tax evasion, that some experts estimated at more than $ 10 billion.

And banking sources considered that “the strength of the banking sector stems from the strength of the sector itself, despite the challenges it faces, and the support it will receive from representatives of the Bank of Lebanon and the International Monetary Fund”, and therefore Both sources expressed their satisfaction at the beginning of negotiations with the fund “which will coincide with the launch of the banking sector plan.” Keep in mind that banks are aware of the precision of the stage and the difficulty of monetary, financial and economic conditions that will not be delayed in terms of assistance for them, while setting the pillars on which the national economy is built. and they transform it from a rentier economy to a product.

Bank sources concluded in the hope that “God will inspire those responsible during the country’s period of closure and open their minds to a sector that did not hesitate for a moment to help the Lebanese state even in its spending policy, with a reminder constant of the need to implement the reforms demanded by the international community and the Lebanese community in all its spectrum “.