He said the country has already begun this path but still has a long way to go, particularly in financial reform, notably the completion of the financial regularization law—known as the “financial gap law”—which would allow for the return of deposits.
He added that a series of institutional reforms are still needed, noting that regulatory bodies have already begun to be established in sectors such as electricity, telecommunications, civil aviation, and even cannabis, but other sectors still require similar authorities.
He also highlighted judicial reform efforts, including a draft law aimed at strengthening judicial independence, which should be followed by additional legislation to reinforce the independence of administrative and financial judiciary bodies, ultimately leading to a fully independent judicial authority. He stressed that without an independent judiciary that restores public trust, large-scale investments cannot be expected.
Finally, he emphasized that security, stability, and safety are essential for attracting investment, warning that without them Lebanon will miss opportunities for economic recovery. He added that the country has already missed several chances in the past, including the full implementation of the Taif Agreement and the deployment of the army in the south after the Israeli withdrawal, among other issues.
