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Lebanon PM releases long-awaited banking reform draft law

December 19, 2025 / 10:10 PM
Lebanon PM releases long-awaited banking reform draft law
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Sharjah 24 – AFP: Lebanese Prime Minister Nawaf Salam on Friday released a long-awaited draft banking reform law aimed at distributing losses stemming from the country’s 2019 financial crisis between banks and the state.

In a televised address, Salam described the draft legislation as “a roadmap to getting out of the crisis” that continues to grip Lebanon’s economy and financial system.

The proposed law is a key reform demanded by the international community and is considered essential for Lebanon to unlock much-needed financial assistance and support.

December 19, 2025 / 10:10 PM

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