Lebanon’s parliament session halted as dispute over capital control bill widens ...Saudi Arabia

Author: Wed, 2022-04-20 22:36 BEIRUT: The Lebanese parliament’s session was adjourned on Wednesday after protesting depositors threw stones at deputies and insulted them for continuing to discuss the capital control bill. The government amended the draft bill and sent it to parliament for a second time, but no agreement was reached and the session was cut short. Formal capital controls are an International Monetary Fund policy recommendation, and Lebanon hopes to secure an IMF aid package after its financial system imploded in 2019, paralyzing the banking system and freezing depositors out of their US dollar accounts. Some politicians from the Lebanese Forces Party and the Free Patrio

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