Lebanon's Cabinet Approves Bank Bailout Plan

Lebanons Cabinet approves draft law to calculate bank losses from 2019 crisis, aiming to return billions in frozen deposits to everyday savers. The plan, which still needs parliamentary approval, prioritizes smaller depositors and includes accountability measures. The move aligns with IMF demands for bank restructuring and transparency, as Lebanon battles economic turmoil and high poverty rates.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.