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Institutions react to unrest With the political situation in flux recently, international institutions and organizations have been putting in their two cents as to what they regard as the possible impacts on the Lebanese banking sector: The International Monetary Fund (IMF) congratulated the Lebanese banking sector for its resiliency in past crises and said that it sees no concerns in the near future due to the large reserves at both Banque du Liban (BDL), Lebanon’s Central Bank, and local banks. For this reason, the IMF said that depositors should have no concerns about the security of their banks or the strength of the Lebanese lira.Merrill Lynch said that holding Lebanese assets is no longer worth the risk, though it does not see a forthcoming decrease in the interest rate spread between the Lebanese lira and Western currencies, suggesting that deposits should stay stable.HSBC said that though investor sentiment may suffer,