In the August 2025 opening article of ABL’s monthly Bulletin, titled “Toward Real Solutions in 2026”, Dr. Fadi Khalaf adopted a notably forward-looking tone, suggesting that Lebanon had entered a phase of practical preparation for genuine financial reform after years of paralysis. The report framed the situation as one of cautious optimism, where national efforts were finally converging toward a comprehensive resolution to a crisis unparalleled in Lebanon’s modern financial history. Khalaf highlighted ongoing coordination between the state, Banque du Liban (BDL), and other official bodies to draft the Financial Gap Law, described as a foundational legislative step to distribute losses fairly, protect depositors, and restore balance to the sector. According to the report, this law was expected to be finalized by the end of 2025, potentially paving the way for the beginning of real implementation in 2026.
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ABL – From Anticipation of Reform to Recognition of Systemic Crisis