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Lebanon's $70 Billion Crisis Plan: Small Depositors to Recover

12/27/2025

Summary

Story summary

Lebanon's cabinet approved a draft law on December 26 to share estimated $70 billion losses from the 2019 crisis among state, central bank, banks, and depositors.
Prime Minister Nawaf Salam said 85% of depositors with under $100,000 will recover fully over four years.
Larger depositors will receive $100,000, with the remainder via tradable bonds.
Bill aims to improve accountability and revive banking sector, but approval remains uncertain before May elections.

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Story summary

Lebanon's cabinet approved a draft law on December 26 to share estimated $70 billion losses from the 2019 crisis among state, central bank, banks, and depositors.
Prime Minister Nawaf Salam said 85% of depositors with under $100,000 will recover fully over four years.
Larger depositors will receive $100,000, with the remainder via tradable bonds.
Bill aims to improve accountability and revive banking sector, but approval remains uncertain before May elections.