Jacques de Lajugie, Hervé Magro and Prime Minister Nawaf Salam. (Credit: NNA)
Lebanese Prime Minister Nawaf Salam received Jacques de Lajugie, the international representative of the French Ministry of Economy and Finance, on Monday at the Grand Serail, in the presence of the Minister of Economy and Trade, Amer Bisat, and the French ambassador, Hervé Magro, according to the state-run National News Agency (NNA).
The meeting focused on the progress of economic reform processes in Lebanon, particularly on the banking sector restructuring bill submitted by the government to Parliament. Also on the agenda were discussions about preparing a financial deficit law, a prerequisite for an agreement with the International Monetary Fund (IMF) as part of preparations for the donor conference in France.
During a mission in Lebanon from May 28 to June 5, an IMF delegation encountered the persistent slow pace of the banking sector restructuring process and similar inertia regarding fiscal and budgetary reforms. The IMF had also raised an alarm about the outdated Lebanese fiscal system, deeming it profoundly inequitable.
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