Lebanon’s government welcomes banks’ input in rescue plan

Lebanon’s government on Friday welcomed a contribution by local banks to a financial recovery plan but said there were issues that will need to be reconciled between the two sides.

In a statement, the government said the banks’ proposal contained an “encouraging consensus on some of the key issues”, but that some details were not fully addressed and there were areas of difference.

The government will continue engaging with the association and its advisers to seek solutions to the crisis, it added.