Lebanon’s caretaker PM says economic stability at stake with stalled laws

Lebanon’s failure to approve a string of crucial economic laws to pull the country back on to its feet threatens the country’s future economic stability,
caretaker Prime Minister Najib Mikati said on Thursday.
A financial meltdown that started in 2019 has weakened the currency by more than 90%, paralysed the financial system and frozen depositors out of their savings. The government estimates the financial sector’s losses at over $70 billion.
Mikati said parliament should convene a special session that passes, in one package, long-pending plans to revamp the financial sector and restructure banks, to help overcome the crisis.
Mikati said four years had passed without a single draft financial reform act becoming law.