Khalil: Lebanon Must Mobilize Resources to Continue Battle against Terrorism

Finance Minister Ali Hassan Khalil asserted on Friday that Lebanon's banking sector has been able to prove to the world and international bodies that our country is committed to international laws in their fight against terrorism and money laundering.

“Despite the deepening economic crisis that obstructed the constitutional institutions in Lebanon, starting with the election of a president, we have been able to put Lebanon's interest first which enabled the country and its banking sector to address international bodies and show them that Lebanon is committed to international laws in their fight against terrorism and money laundering,” said Khalil at the opening of the Banking Forum held at BIEL.

“We are largely involved in organizing our legislation and the mobilization of our legal, political and security resources in order to complete the battle against terrorism,” he added.

“We are confident that the banking and financial sectors have practiced self-censorship that boosted the confidence of Lebanese, Arab and world investors.”

“We are witnessing difficult economic times but at the same time we are not in an economic collapse. The situation needs a collection of reforms to preserve the financial stability and balance,” added the Minister.

D.A.

G.K.