BEIRUT, Nov. 23 (Xinhua) -- A senior World Bank official on Wednesday urged Lebanon to adopt an equitable banking solution to its financial crisis with the use of a bale-in strategy, as the country is short of public funds.
"As repeatedly called for, Lebanon needs to adopt urgently an equitable and comprehensive solution that restores the stability of the financial sector and sets the economy on a recovery path," World Bank Regional Director Jean-Christophe Carret was quoted by the institution's statement as saying.
Already a subscriber? Log in.
Get 30% off with our ads free Premium Plan!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
