Latest news with #bankingReforms
Bloomberg
18-06-2025
- Business
- Bloomberg
A 200%-Plus Bond Rally Sours as Lebanon's Reform Story Stalls
Emerging-market bond investors' most profitable bet of the past year is now handing them double-digit losses — as Lebanon's stalled banking reforms sink its sovereign debt. The defaulted dollar bonds of the Lebanese government had returned 229% between late September and early March, beating 67 other countries in a Bloomberg index for the asset class. The gains were sparked by a breakthrough in the country's politics, with a functional government formed for the first time in more than two years and reform-friendly leaders appointed to key posts.
LBCI
12-05-2025
- Business
- LBCI
MP Imad Al-Hout tells LBCI: Equal power-sharing in Beirut is a priority in municipal elections
MP Imad Al-Hout emphasized that the top national priority remains restoring trust to attract foreign investment. He said this issue requires serious reforms, banking sector restructuring, and clearly defining Lebanon's financial gap. Speaking to LBCI, Al-Hout announced that he and fellow MP Nabil Badr submitted a draft law regulating the powers of governors regarding deadlines for handling municipal council decisions. On the municipal elections in Beirut, he noted that one electoral list consists of a coalition of political parties, while the other includes independents and family-based candidates. He stressed that maintaining equal power-sharing remains the most essential principle.
