The Association of Banks in Lebanon threw the ball in the government’s court when it presented a new approach to offset the argument of the Cabinet that the lenders had to accept the restructuring of this sector that was once the pride of the Lebanese economy. The association has lobbied hard in the past few days to dissuade the parliament from endorsing the entire government economic plan which it described as a catastrophic to the economy..
Source: Albawaba
Full Article: ABL pitches alternative rescue plan
