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Joseph Aoun signs key banking reform and two additional laws
Lebanese President Joseph Aoun officially signed three new laws into effect on Thursday, including a crucial piece of legislation aimed at reforming and restructuring the country's struggling banking sector. The laws were originally passed by the Lebanese Parliament on July 31, 2025.
The banking reform is widely seen as a critical step in advancing Lebanon’s stalled negotiations with the International Monetary Fund (IMF). It aims to restore confidence in the financial system and set the stage for future economic recovery efforts.
In addition to the banking law, President Aoun ratified an amendment to Law No. 11/2025 concerning non-residential lease agreements. This modification is expected to clarify rental obligations and tenant protections for commercial properties.
The third law signed adjusts the compensation structure for principals of public schools across the country. This measure seeks to address long-standing demands from the education sector regarding fair and consistent financial recognition of school administrators.
These legislative developments come as Lebanon continues to navigate a severe economic crisis and works to meet the requirements for potential financial support from international institutions.