Kan'an: I Reiterate Call for Government Audit of Banks' Assets Inside and Outside Lebanon

Nabih Kan'an announced that "our priority is preserving people's rights before distributing burdens."

He added at the start of the debate on the banking reform law: "It is impossible to pass a deposit recovery law without guaranteeing people's rights and knowing the available resources and feasibility of implementation."

He stated that "there are gaps preventing the implementation of the gap law as submitted by the government, which is why a ministerial committee is re-examining it," repeating his call for "the government to audit banks' assets inside and outside Lebanon and state assets to determine actual capabilities."

He said: "When I asked the head of the IMF mission, 'Wasn't it better to adopt the capital control proposal we presented with colleagues in May 2020 instead of proposing eight pages of amendments?' He replied, 'We were wrong.'"

He noted that "the repeated requests from the IMF for legal amendments lead us to question why the fund is delaying signing an agreement with Lebanon for reasons unrelated to reform."