Lebanon PM publishes long-awaited banking law draft

Lebanese Prime Minister Nawaf Salam publishes a long-awaited banking draft bill, which would distribute losses from the 2019 financial crisis between banks and the state.

In a televised speech, Salam says “this draft law constitutes a roadmap to getting out of the crisis” that still grips Lebanon.

The bill is one of the reforms demanded by the international community before Beirut can receive financial support.

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