President Joseph Aoun of Lebanon stresses the need for economic reforms emphasized by the IMF to restore national confidence during a recent cabinet meeting. Key reforms requested include a unified data center for the Finance Ministry and amendments to banking laws. Additionally, Aoun called for increased monitoring of expenditures following the approval of the 2025 state budget.
In a recent cabinet meeting, the President of Lebanon, Joseph Aoun, emphasized the necessity for implementing economic reforms as advised by the International Monetary Fund (IMF). Aoun, who has been in office since January after being elected by parliament, underscored the need for these reforms to restore national confidence.
During this meeting held on Thursday, Aoun revealed that he had discussions with an IMF delegation. The delegation highlighted the urgency of finalizing a reform program before the summer, referencing prior unsuccessful reform attempts, as reported by the state’s news agency, NNA.
The IMF has mandated the establishment of a unified data center for the Ministry of Finance and the enactment of amendments related to the Banking Secrecy Law and laws for banking sector restructuring. Aoun also mentioned the IMF’s request for the government to appoint a new president for the Central Bank of Lebanon, known as Banque du Liban.
In this assembly, President Aoun pointed out the approval of the 2025 state budget during the last meeting and urged the finance minister to oversee expenditures and provide quarterly spending reports to ensure accountability and oversight.
In conclusion, President Joseph Aoun of Lebanon is advocating for essential economic reforms as outlined by the IMF to restore confidence and stabilize the economy. Key reforms include the establishment of a unified data center for the Finance Ministry, updates to banking laws, and appointing a new Central Bank president. The approval of the 2025 state budget further emphasizes the need for increased financial oversight and transparency.
Original Source: anba.com.br
