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Lebanon's "Gap Law": Can it Fix the Financial Crisis?
Lebanon's cabinet has approved a draft "gap law" aimed at addressing the country's ongoing financial crisis, which began in 2019 and severely restricted access to deposits. The proposed law prioritizes reimbursing smaller depositors, those with accounts up to $100,000, within four years, though the legislation still requires parliamentary approval. The "gap law" is expected to be signed by the prime minister and president before heading to parliament for debate.
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