Lebanon has a historical opportunity to restore the confidence of the international community

The participation of the Lebanese delegation, headed by Minister of Finance Yassin Jaber, in the Spring meetings of the International Monetary Fund and the World Bank in Washington, recorded positive results at the external and internal levels. The delegation affirmed Lebanon’s commitment to the necessary reforms for economic recovery, while seeking to reassure the Lebanese that these efforts are in the interest of the national interior.

It was remarkable the cohesion of the Lebanese delegation during the meetings, as Jaber, on behalf of the government, affirmed the commitment of the path of economic and institutional reform, considering that Lebanon has a historical opportunity to restore the confidence of the international community and citizens. He also mentioned the vote of 87 deputies in favor of the banking company, describing this with clear support for the reform plan.

Jaber pointed out that the new government, with the support of the elected President of the Republic, began implementing a set of structural reforms, most notably: approval of the 2025 budget, amending the banking confidentiality law, developing tax legislation, and promoting governance in the energy, aviation, and communications sectors.

On the sidelines of the meetings, Minister Jaber held several meetings, most notably with the head of the OPEC Fund, Abdel Hamid Khalifa, who expressed preparation for Lebanon financially and technically, and with the Deputy Director General of the International Monetary Fund Nigel Clark, who expressed his optimism about Lebanon’s ability to achieve reforms that open the way for investment and enhance social stability.

Jaber also participated in the meeting of the MENA countries headed by the director of the IMF, where he called for providing support to Lebanon, and thanked the Saudi Finance Ministers and Qatar for their public support for Lebanon.

He had a meeting with the President of the Islamic Development Bank, Muhammad Al -Jasser, who was described as a successful, because of the prospects for future cooperation.

The Lebanese delegation concluded its visit with the “Dialogue Table of Lebanese Finance” contract within the Leap project, in the presence of representatives of the World Bank, the Monetary Fund and several Arab and international countries, where they discussed the mechanisms for financing reconstruction and economic recovery projects. France announced a contribution of 75 million euros, to be later determined by the contributions of other parties in coordination with the World Bank.