In this spotlight, we will highlight the main issues discussed in the position paper “Advocating the Preservation of Deposits as Precondition for Economic Recovery with Integrity” prepared by the Lebanese Economic Association (LEA) in collaboration with Executive Magazine, Union of Arab Banks, and 100% Liban. The paper represents a five-year cumulative work by the above mentioned parties and basically describes Lebanon’s financial collapse as a liquidity and governance failure rather the faulty narrative of bankruptcy. As such, it rejects the notion of bankruptcy to be settled at the expense of Lebanese citizens. Also, it offers a plan to resolve the financial gap and deposits at banks.
For the full report, click on the link below:
LEA’s ‘Preservation of Deposits’ Position Paper – Analysis & Critique