Lebanese PM says getting investment to nation hinges on security

(MENAFN) Lebanese Prime Minister Nawaf Salam emphasized Saturday that Lebanon’s ability to attract investment depends on ensuring security, stability, and financial reform. Speaking from the Lebanese Embassy in Paris, he stated, “If security and safety are not available in Lebanon, investments will not come. And if there is no reform of the banking sector, investments will not come either.”

Salam’s remarks followed a briefing with French President Emmanuel Macron on Lebanon’s draft Financial Gap Law during talks at the Elysee Palace. The legislation, approved by the government late last year, aims to restructure Lebanon’s debt by outlining how losses will be shared among the state, the central bank, commercial banks, and depositors after the 2019 financial collapse.

The prime minister also discussed preparations for a donor conference in Paris scheduled for March, intended to support the Lebanese army. Salam said efforts are being made to “broaden the group of contributing countries” but cautioned that success could not be guaranteed, noting that the focus is on unifying support for the armed forces.

During Friday’s talks, both leaders highlighted the army’s role in extending sole authority south of the Litani River and reaffirmed the importance of fully implementing the ceasefire agreement between Lebanon and Tel Aviv, which took effect in November 2024. Salam added that the monitoring committee overseeing the deal remains active and civilian representation could be expanded if necessary.

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