The Lebanese crisis is six years old now, and there doesn’t seem to be an end in sight soon. One of the main reasons is the debate going on regarding the financial gap law – the law that will allocate losses and devise a scheme for the return of deposits – between the IMF and the BDL. In this note, we will very briefly outline each of the IMF and BDL positions, and then draw some critical remarks concerning what would constitute a proper resolution to the financial gap.
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IMF vs BDL Positions on Resolving the Financial Gap Some Critical Thoughts