Wijhet Nazar x Sawti – Part 1: Restructuring the banking sector in Lebanon, the last chance

This discussion is part of a three-part series exploring perspectives on the economic crisis in Lebanon.

Speaker: Dr. Henri Chaoul – Financial Advisor and Co-Founder of Levantine Partners

Over the past few months, Dr. Henri Chaoul and a team of experts have been working on an alternative, pragmatic and comprehensive solution to Lebanon’s financial and banking problems, taking into consideration the debate and blockages that took place over the last 18 months.

This “middle ground” alternative programme, presented by Dr. Chaoul, addresses head-on the scheme losses, ensuring: (1) a fair and equitable distribution of those losses amongst all constituents: the province, the depositors, the Eurobond holders, and bank shareholders; as well as: (2) the long term viability and sustainability of the country’s debt to back up economic recovery.

We are at a critical juncture; policy makers can still take decisive action towards a comprehensive solution that can make the difference between a lost decade and a rapid recovery.