Lebanese President Joseph Aoun emphasized the need for restoring confidence in Lebanon during a Cabinet meeting. He highlighted the importance of fiscal monitoring, collaboration with the IMF, and prompt implementation of economic reforms. Moreover, he announced regional security measures and the release of Lebanese prisoners after negotiations with Israel.
During a recent Cabinet meeting, Lebanese President Joseph Aoun underscored the significance of restoring both internal and external confidence in Lebanon. He highlighted that the 2025 state budget had been signed at the prior meeting. Furthermore, he instructed the Finance Minister to ensure that government expenditures align with Article 118 of the Public Accounting Law, requesting quarterly fiscal reports.
President Aoun detailed his recent discussions with a delegation from the International Monetary Fund (IMF), announcing the establishment of a committee to implement essential IMF recommendations. This committee will be chaired by the Finance Minister and include the Economy Minister, the acting governor of the Banque du Liban, and two advisors, in addition to Lamia Moubayed, an advisor to the Prime Minister.
Aoun mentioned that the IMF delegation emphasized the urgent need for Lebanon to finalize its program with the fund before the summer, referencing past failures. He reaffirmed that economic, financial, and banking reforms are critical to restoring confidence in Lebanon. The IMF delegation also urged the appointment of a new BDL governor and the creation of a unified data center for the Finance Ministry, as well as legislative improvements to banking secrecy and restructuring laws.
Regarding regional security, President Aoun reported that security agencies are coordinating closely with defense and interior ministries to monitor developments in Syria, ensuring adequate preparedness. Additionally, he announced the release of five Lebanese prisoners who had been held by Israel, attributing their return to indirect negotiations.
In conclusion, President Aoun’s remarks during the Cabinet meeting reflect a significant commitment to reestablishing confidence in Lebanon through proposed fiscal reforms and strategic appointments. The collaboration with the IMF is expected to play a crucial role in shaping Lebanon’s economic future, reinforced by necessary legislative changes and attentiveness to regional security concerns.
Original Source: www.lbcgroup.tv
