Latest news with #FinanceandBudgetCommittee
L'Orient-Le Jour
03-05-2025
- Business
- L'Orient-Le Jour
A tense first session in committee over bank restructuring
After the very positive signals sent to the IMF and Lebanon's partners with last week's vote on a new revision of the banking secrecy law and the submission to Parliament of the framework draft law on banking resolution, storm clouds started to gather over this matter and the related issue of loss parliamentary Finance and Budget Committee met on Tuesday to review the banking resolution draft law. The session took place in a climate marked by political and institutional tensions. It brought to light the extent of disagreements among parliamentary blocs regarding the reasons behind the crisis, who is responsible for it, and how to align this draft with the still-pending law on loss distribution — officially referred to as the 'Law on addressing the financial gap.''Systematic crisis' and political messagesA central...
LBCI
02-05-2025
- Business
- LBCI
Speaker Berri briefed on Washington talks: MP Kanaan discusses IMF, US officials, and path forward on Lebanese reforms
Parliament Speaker Nabih Berri received the head of the parliamentary Finance and Budget Committee, MP Ibrahim Kanaan, who briefed him on his recent visit to Washington, including meetings with U.S. administration officials, the International Monetary Fund (IMF), and the World Bank. The meeting also covered key legislative reform files currently on the committee's agenda, as well as upcoming priorities. Speaking after the meeting, Kanaan said: 'I updated Speaker Berri on the details of my visit to Washington and my participation in the IMF and World Bank spring meetings, along with my discussions with U.S. administration officials.' He added that there was significant interest in Lebanon, particularly in the country's recent financial, military, and reform-related developments. U.S. officials stressed the importance of fully implementing U.N. Security Council Resolution 1701 and reinforcing the capabilities of the Lebanese Army to preserve internal stability. Kanaan emphasized that with regard to financial reforms, efforts are underway to rebuild trust—not only by passing the necessary legislation, but by ensuring its implementation. This includes advancing financial audits, clarifying responsibilities, and addressing the recovery of depositors' funds, which have been frozen in Lebanese banks for over five years.
National News
23-04-2025
- Business
- National News
MP Kanaan meets U.S. Deputy Envoy Morgan Ortagus in Washington, discusses reform and regional stability
NNA – Chair of the Finance and Budget Committee, MP Ibrahim Kanaan, met in Washington with Morgan Ortagus, Deputy U.S. Envoy to the Middle East, to discuss Lebanon's reform and recovery priorities. According to a statement issued following the meeting, Kanaan emphasized the need for an integrated vision to restore confidence and economic stability in Lebanon, particularly through financial and structural reforms, legislative measures, and addressing the financial gap. Discussions also highlighted the importance of increasing international support for the Lebanese Armed Forces to carry out their mandate, especially in the context of implementing UN Security Council Resolution 1701 and maintaining stability across Lebanon's territory. Kanaan also stressed the need for the international community to fulfill its commitments, including ensuring Israel's full withdrawal from Lebanese territory. The meeting also addressed the issue of Syrian refugee returns, in light of evolving conditions in Syria and Lebanon's limited capacity to bear the burden of prolonged displacement. ========R.H.
National News
18-04-2025
- Business
- National News
Kanaan travels to Washington
NNA - The head of the Finance and Budget Committee, MP Ibrahim Kanaan, traveled to the U.S. capital, Washington, at the invitation of the International Monetary Fund and the World Bank to participate in the Spring Meetings. He will hold discussions with officials involved in the Lebanese file. The visit will last for a week and will include political and financial meetings with relevant officials in the U.S. administration, including the State Department, the Treasury Department, and Congress, in addition to meetings with the Lebanese diaspora. ============ R.K
LBCI
09-04-2025
- Business
- LBCI
Finance and Budget Committee head MP Kanaan meets IMF delegation ahead of IMF meetings
Head of the Finance and Budget Committee, MP Ibrahim Kanaan, met with the International Monetary Fund (IMF) delegation in Lebanon, headed by Ernesto Ramirez, at the Parliament in Beirut. The meeting focused on preparations for the upcoming resumption of negotiations with the IMF and the Spring Meetings in Washington, scheduled from April 21 to 26, where Kanaan is set to participate. Discussions also covered the reform legislation already approved by the Finance and Budget Committee and Parliament, as well as additional bills currently being considered for approval in the coming period.
