Mikati visits ABL and declares the establishment of a fund from oil revenue to decrease public debt - Beirut, Lebanon - January 23, 2012

  Country: Beirut, Lebanon


Jan 12

Dr.Joseph Torbey; HE.Riad Salameh (Central Bank Governor);HE.Najib Mikati (Prime Minister of Lebanon); HE. Nicolas Nahas (Minister of Economy and Trade)

In response to an invitation from the Association of Banks in Lebanon (ABL) to attend a dialogue meeting, Prime Minister Nagib Mikati spoke about the latest economic and financial developments in the country, in the presence of Minister of Economy and Trade, H.E Mr. Nicolas Nahas, Central Bank Governor, H.E Mr. Riad Salameh and ABL’s president, Dr. Joseph Torbey. Mikati declared that the government is establishing a fund from revenues generated through oil and gas exploration, with the aim of decreasing the public debt. For his part, Dr. Torbey highlighted the vital role played by Lebanese banks in supporting the economy, and shed light on the banking sector’s efforts to help the Lebanese economy stand on its feet.