Has Lebanon done enough in reforms for its donors?

Is Lebanon on the right track? Two new laws — one on bank resolution, the other on judicial independence — were added last week to the bank secrecy law passed three months ago. These laws, seen as essential in the context of reforms demanded by the international community, could start to reassure donors and potential investors, but not yet convince them to open their wallets. Experts agree that despite the progress made, what has been accomplished so far remains insufficient. Especially as legislating does not systematically guarantee the proper implementation of laws, as has become customary in Lebanon.This is particularly the case when it comes to judicial reform, whose rushed adoption was clear for all to see. At the request of Speaker Nabih Berri, who wanted to speed up the process, the law was passed by a show of hands as a single...