Lebanon Vows to Fully Repay Depositors in Economic Reform Plan

Lebanese depositors will get their money back over time as part of any financial overhaul, with the state, central bank and local banks sharing the burden of repairing the crisis-stricken economy, Economy Minister Amer Bisat said.

The commitment to depositors is part of an attempt to break a stalemate on reforms, which are needed to unlock fresh funds from the International Monetary Fund and help the country emerge from one of the world’s worst financial crises. Officials have struggled to reach a deal for years, with local lenders refusing to shoulder the bulk of losses and forced consolidation.

“Depositor protection ...