Salam vows accountability and full funds return as cabinet approves banks law
naharnet - 12/26/2025 3:54:22 PM - GMT (+2 )
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naharnet - 12/26/2025 3:54:22 PM - GMT (+2 )
After Cabinet passed a long-awaited banking draft bill that would distribute losses from the 2019 economic crisis amid objections from nine ministers and modest protests, Prime Minister Nawaf Salam appeared a bit agitated as he answered journalists' questions.
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.
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