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Lebanon

Kan'an: Trust is restored by strengthening state authority, just as public and depositor confidence in the economy is regained

Nabih Berri's deputy Ibrahim Kan'an emphasized the need to restore national trust through state authority and economic reform, highlighting progress on financial legislation and international engagement.

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Kan'an: Trust is restored by strengthening state authority, just as public and depositor confidence in the economy is regained
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President of the Republic General Joseph Aoun received Member of Parliament Ibrahim Kan'an, who said after the meeting: "I was honored to meet with His Excellency the President, and briefed him on parliamentary work, particularly regarding the financial and economic file, which is no less important than the major political file. Lebanon needs trust more than anything else. Trust is first restored by extending state authority across all Lebanese territory, reactivating institutions, foremost among them the Lebanese Army. Trust is also restored through the Lebanese economy and its financial, monetary, and banking system, which requires legislative action and practical implementation. I briefed His Excellency on the second approval of the Banks Reform Law by the Finance and Budget Committee, following the 2025 session.

He added: "The Financial Regulation Law and deposit recovery remain essential. It has been pending for weeks, but a government committee is currently reviewing it in coordination with the International Monetary Fund. This is a necessity and foundation, as it distributes burdens fairly between the state, Banque du Liban, and banks.

Kan'an stated: "We seek to restore internal trust, not only international trust, but also the trust of the Lebanese people, Lebanese depositors, and investors in the economy. The President’s commitment to this issue is no less than his dedication to political matters and the negotiation process, which we hear is now advancing with serious steps toward goals we all wish to achieve—first and foremost, Israeli withdrawal and full deployment of the Lebanese Army, ensuring that decisions in Lebanon remain in the hands of the state and its institutions, protecting Lebanon and all its citizens.

He urged all MPs to make the legislative session national, free from politics and score-settling, saying: "Much is required, and we must all act responsibly, especially regarding reform legislation.

When asked about his assessment of the results of the seventh round of negotiations, Kan'an replied: "If we didn’t have this negotiation track, what would be the alternative? We’ve seen fluctuations in regional pathways—from Switzerland to Islamabad. Therefore, this path is our sole lifeline. So far, it has secured recognition for Lebanon and elevated its presence on the international stage, whether through the President’s visit to Washington, his recent trip to Turkey, or the potential outcomes of these meetings and engagements at regional and international levels. Where were we before? Who was asking about us or speaking of us? This visibility demands unity and solidarity among Lebanese.

He added: "This path is necessary and urgent. Yes, we are digging into rock, but we come from afar, and we must understand our capabilities. I believe that with this bold move, the President has placed Lebanon—its state, institutions, army, and citizens—on the international map and the table of decision-making. We must build on this through our unity, set aside other political agendas, and focus solely on saving our country, because our collective protection—Christian and Muslim alike, regardless of region or sect—lies in our unity around our state and our army.

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