Lebanon Debt Resolution and Exit

completed

IFC will work closely with the Government of Lebanon (GoL) and the banking sector to implement the following components of the project: Component 1: Assist in Revising Draft Legislation IFC will advise the GoL on international leading practices in the fields of bankruptcy and insolvency practitioners. Component 2: Regulating and training insolvency practitioners (IPs). The project will work closely with the GoL on policy decisions aiming to license, monitor and train qualified insolvency practitioners. Moreover, the project will develop, in cooperation with the main stakeholders, a training toolkit covering general topics forming the basic education of qualified IPs. Component 3: introduce out of court workouts and leverage Alternative Dispute Resolution (ADR) framework. The project will work closely with the Lebanese banking sector to introduce and adapt Out-of-Court Workout (OCW) tools for the use of Lebanese banks.