BEIRUT: Lebanese Prime Minister Nawaf Salam published on Friday a long-awaited banking draft bill, which distributes losses from the 2019 economic crisis between banks and the state.
The draft law is a key demand from the international community, which has conditioned economic aid to Lebanon on financial reforms.
In a televised speech, Salam said “this draft law constitutes a roadmap to getting out of the crisis” that still grips Lebanon.
The draft will be discussed by the Lebanese cabinet on Monday before being sent to parliament, where it could be blocked.
The law 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.
