LEBANON (Enmaeya News) - November 4, 2025

Lebanese Finance Minister Yassine Jaber said on Monday that discussions with the Association of Banks in Lebanon (ABL) had resulted in “some progress” toward reconciling views on the proposed financial gap law and addressing the frozen deposits crisis.

According to Jaber, the meeting aimed to foster coordination between the government, Banque du Liban (the central bank), and commercial banks, while also aligning with conditions set by the International Monetary Fund (IMF). 

He insisted that Lebanon must develop a national plan to address banking-sector losses and restore access to global markets.

Jaber told reporters that he and the Banks Association had made headway on the framework under discussion and agreed to hold follow-up meetings to maintain continuous coordination. 

He emphasized the government’s commitment to reinstate a trustworthy and active banking sector and to ensure that depositors regain their rights. 

When asked about the level of agreement reached with the Banks Association, Jaber described the response as “good.” He added that unifying perspectives on the financial gap and depositor restoration remains a priority, and that proposals to repay what is possible and schedule the remainder over fixed periods are being explored. 

However, sources close to the negotiations told LBCI that despite the positive rhetoric, no concrete deal was reached during Monday’s meeting and that key differences remain over how losses will be allocated. 

As Lebanon continues talks with the IMF over rescue support, passage of the financial gap law and alignment between all parties are viewed as crucial steps toward reviving confidence in the economy and enabling depositor recovery.