Naharnet

Report: Central Bank Governor Meets Salam to Highlight Financial Dangers Facing Lebanon

Lebanon is under threat of being classified as a failed state due to the paralysis of its state institutions and ongoing presidential vacuum, reported the daily An Nahar on Thursday.

A prominent source told the daily that Lebanon has to reach a radical solution to the trash disposal crisis and parliament has to approve a number of draft-laws in order to avoid such a fate.

To that end, Central Bank Governor Riad Salameh held talks with Prime Minister Tammam Salam.

The daily said that he is also set to hold similar discussions with Speaker Nabih Berri.

Discussions will focus on the draft-laws on the upcoming legislative session's agenda, most notably those on money transfers from abroad and combating money-laundering.

Media reports in recent weeks have highlighted the threat of Lebanon losing its international grants and loans due to the paralysis of the cabinet, which is linked to political bickering.

The legislative session is scheduled for November 12 and 13.

M.T.

D.A.


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