Salam praises 'investor confidence' during meeting with Morgan Stanley delegation

Prime Minister Nawaf Salam said Monday that Lebanon is committed to a “path of comprehensive reform, transparency and inclusive growth” during a meeting with a delegation from investment bank Morgan Stanley, which is in Beirut to attend the Beirut One investment conference (Nov. 18-19).

“The government’s action is clear and progress has been made at various security, political, economic and social levels,” said Salam. He added that the visit by Morgan Stanley to Beirut “reflects real investor confidence in Lebanon’s ability to endure, in the effectiveness of its human resources, and in its promising potential for reconstruction and growth.”

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“The government is pursuing its goal of modernizing public institutions, strengthening partnerships between the public and private sectors, and investing in basic infrastructure,” the prime minister stressed, asserting that “Lebanon's strategic position makes it predisposed to become a regional services hub in promising sectors, thanks to its vast human capital comprised of educated, cultured and multilingual people.” “When the state commits to transparency and responsible investment, global financial institutions such as Morgan Stanley play a catalytic role in Lebanon’s recovery and growth,” he concluded.

Organized by the Finance Ministry, the Beirut One conference brings together the local private sector, the diaspora and international partners to secure investments and support the country, which has been in crisis since late 2019 and is seeking to rebuild areas destroyed by Israel during the most recent war.