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Lebanese Prime Minister Nawaf Salam said on Friday, December 19, that Lebanon has introduced its first comprehensive draft law aimed at recovering bank deposits and addressing the country’s massive financial gap. The proposed fiscal gap law outlines how losses from Lebanon’s financial collapse will be distributed among the state, the central bank, commercial banks and depositors. Salam said the draft, set to be presented to the cabinet on Monday, is a key step toward restoring confidence with Arab nations and the International Monetary Fund. Lebanon’s financial system has been in crisis since 2019, following years of corruption, waste and unsustainable policies, leaving millions of depositors locked out of their savings. Hashtags: #Lebanon #LebanonCrisis #BankDeposits #FinancialCrisis #IMF #MiddleEastNews #EconomicReform #BankingCrisis #LebanonEconomy #BreakingNews #Reuters #FiscalPolicy #DebtCrisis #ArabWorld #GlobalEconomy--------------------------------------------------------------------------------------------------------------------------- Dawn News English is your window into the latest news, insight, and features from South Asia and beyond. Official Facebook: / dawndotcom Official Twitter: / dawn_com Website: www.dawn.com Official Instagram: / dawnnewsenglish #news #latestnews #dawnnewsenglish #dawnnews