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Finance Minister Jaber discusses reform progress with US envoy Tom Barrack and French delegation
Finance Minister Jaber discusses reform progress with US envoy Tom Barrack and French delegation

LBCI

time15 hours ago

  • Business
  • LBCI

Finance Minister Jaber discusses reform progress with US envoy Tom Barrack and French delegation

Finance Minister Yassine Jaber received U.S. envoy Tom Barrack at his office in the ministry on Tuesday morning, in the presence of U.S. Ambassador Lisa Johnson. The meeting focused on the reform initiatives undertaken by the Ministry of Finance as part of the government's broader reform plan—particularly in the areas of banking sector restructuring. Key progress includes the adoption of the banking secrecy law, the upcoming approval of the banking sector regulatory law, the appointment of vice governors for the central bank, and members of the Banking Control Commission. The discussions also touched on modernization and digitization efforts in key sectors such as customs, including the development of port operations, as well as reforms in real estate services and other domains. These efforts are expected to enhance public finances, support Lebanon's path toward financial and economic recovery, align with the IMF's policy framework, and help restore international confidence. Ultimately, this would improve Lebanon's credit ratings and encourage foreign aid and investment. Minister Jaber emphasized to Barrack the importance of a stable security environment to allow the government to proceed with its reform agenda, stressing that stability remains the fundamental driver of economic and financial progress and of achieving real, sustainable development. In the same context, Minister Jaber held a follow-up meeting with a French delegation that included Jacques De Lajugie, economic adviser to the French envoy, and Hugo Bruel, deputy head of the economic section at the French Embassy. These regular meetings focus on the progress of reforms, in line with France's interest in organizing a conference to support Lebanon.

US envoy meets Parliament Speaker Nabih Berri in Beirut, stresses commitment to stability
US envoy meets Parliament Speaker Nabih Berri in Beirut, stresses commitment to stability

LBCI

time20 hours ago

  • Politics
  • LBCI

US envoy meets Parliament Speaker Nabih Berri in Beirut, stresses commitment to stability

U.S. Special Envoy to Lebanon and Syria, Ambassador Tom Barrack, met with Lebanese Parliament Speaker Nabih Berri on Tuesday at the second presidency headquarters in Ain el-Tineh. The meeting was also attended by U.S. Ambassador to Lebanon Lisa Johnson and Berri's media advisor Ali Hamdan. The talks, which lasted over an hour and 15 minutes, focused on political and security developments in Lebanon and the broader region, amid heightened tensions and ongoing diplomatic efforts. Following the meeting, Barrack offered a brief statement to the press, describing the discussions as "great" and emphasizing the need to remain hopeful. "We are working steadily toward achieving stability," he said.

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