The prerequisites for a healthy Lebanese banking system

Banks should cleanse their institutions from all political contamination, and detach from dependency on politically exposed persons.
by Mohammad Ibrahim Fheili

24 February 2020 | 13:20

Source: by Annahar

In this Jan. 15, 2020 file photo, people look at the broken facade of Bank of Beirut that was smashed by anti-government protesters in Beirut, Lebanon. (AP Photo)

It has become utterly clear that Lebanon’s public debt is not sustainable, and hopefully, the country is on the right track to resolving this “mess”. However, that alone is not enough for a rescue...
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