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Adwan meets with IMF Mission Chief, emphasizes transparent solutions for depositors

NNA - MP George Adwan, Chairman of the Administration and Justice Committee, on Wednesday met with Ernesto Ramirez, head of the IMF mission in Lebanon, and his delegation at the Lebanese Parliament. Following the meeting, Adwan held a press conference, emphasizing that discussions focused on the ongoing agreement with the IMF.

 “We were clear that any agreement with the IMF is contingent upon establishing a transparent, realistic, and structured solution for depositors and the return of their deposits. Any option that does not address this issue cannot be considered a solution, and no agreement will be reached,” Adwan stated.

He outlined that the solution involves defining responsibilities for debts and obligations of the state, the Central Bank, and commercial banks. Adwan emphasized, “If we clearly define this roadmap and adhere to the principle that everyone fulfills their commitments, we can reach an agreement swiftly.”

 “No one wants to sell state assets, but waste, corruption, and tax evasion cannot continue. The state must collect revenues from its assets,” Adwan added, referencing public assets like ports and customs and highlighting encroachments on public property.

Adwan criticized proposals to write off people’s deposits while significant resources are wasted and stolen, stating, “We will not accept this.”

He concluded by emphasizing the need for accountability to build a sound economy, restore trust, and return depositors’ rights.

“Trust is essential for building an economy, and this trust will be restored when depositors know their money is safe in the banks,” Adwan concluded.

 

 

===================R.H.

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