Lebanon banking association affirms its unity after criticism by member banks
- Country:
- Lebanon
Lebanon's bank's association ABL affirmed its unity and said it reiterated the necessity of Lebanon reaching a deal with the IMF in a June 27 board meeting, an association statement said Tuesday.
The ABL also called on the Lebanese state to shoulder a portion of financial-sector losses estimated at some $70 billion.
The statement follows criticism by several prominent banks of a recent ABL letter to the IMF in which it slammed an April draft deal with Lebanon.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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