In the April 2025 editorial issued by the Association of Banks in Lebanon, Dr. Fadi Khalaf delivers a deeply analytical reflection on the complexities of Lebanon’s ongoing financial crisis and the imperative of adopting a just, pragmatic approach to economic recovery. The piece is framed around the proposed draft law for banking sector restructuring, a law currently under examination by the Council of Ministers and expected to be discussed by Parliament. Khalaf stresses the importance of balancing financial reform with the protection of depositors’ rights, an issue that lies at the heart of public trust and economic stability. For Khalaf, the Lebanese crisis is not a temporary or superficial downturn but a deep-rooted and systemic failure that reveals longstanding dysfunction in state financial management and governance structures. The solution, therefore, cannot be confined to surface-level financial adjustments but must involve legal and institutional reforms that acknowledge the crisis’s extraordinary nature and long term implications.
For the full report, click on the link below:
ABL’s Approach to Lebanon’s Economic Crisis