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Arbeed says no financial or real estate collapses, economic situation can be rectified

Oct 21

Arbeed says no financial or real estate collapses, economic situation can be rectified

NNA - Head of the Economic and Social Council, Charles Arbeed, assured Saturday that despite the difficulties witnessed in the country, there is no monetary or real estate collapse, and the economic situation can be resolved if plans are implemented.


Arbeed's words came during an economic forum on the challenges faced by the Lebanese economy, organized by the 'Tripoli Leaders Lions Club' in cooperation with Safadi Cultural Center.


Arbeed highlighted four inevitable tracks in applying economic reform, namely:


I- Applying the Cedar Conference resolutions


II- Implementing the Mackenzie Study, most importantly in raising the contribution of the agricultural sector by enhancing the capacities of farmers and the industrial and tourism productive sectors


III- Implementing a proposed initiative study involving political parties and the Economic and Social Council that targets deficit reduction first and foremost


IV- Creating social security networks.



'All these tracks require an awaited package of legislations to be implemented,' he stressed.

nna-leb