In the opening editorial of the May 2025 monthly report published by the Association of Banks in Lebanon, Dr. Fadi Khalaf presents a critical reflection on the Lebanese financial crisis and outlines the necessary principles for any viable recovery plan. He emphasizes that a successful economic recovery cannot occur without a responsible partnership among all stakeholders – namely the state, the Central Bank (Banque du Liban), and commercial banks. The editorial moves beyond banking rhetoric, marking a notable shift toward institutional acknowledgment of shared responsibilities.
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