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Lebanon MPs make minor amendments to banking secrecy law

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Al-Araby

Lebanon’s parliament on Tuesday passed long-awaited amendments to a banking secrecy law, according to a Reuters witness, in the first step towards reforms required by the International Monetary Fund (IMF). However, the amendments were watered down from the original proposal, leading one of the architects of the country’s economic recovery to say he would seek feedback from the IMF. On the amendments to #Lebanon banking secrecy passed today pic.twitter.com/xJSxwswSUY — Timour Azhari (@timourazhari) Lebanon and the IMF signed a staff-level agreement in April for $3 billion in funding to ease the…

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