The International Monetary Fund has asked the Lebanese government to amend a banking draft law that would allow depositors to recover their funds and said it can't endorse the draft "as presented".

The law, a key demand from the international community to unblock economic aid to Lebanon, was approved last month by the Lebanese government. It stipulates that each of the state, the central bank, commercial banks and depositors will share the losses accrued as a result of the financial crisis.