Hariri receives Torbey in Beirut, Monday, March 19, 2018. (The Daily Star/Dalati Nohra, HO)
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The president of the Association of Banks in Lebanon Joseph Torbey voiced support Monday for the amended 2018 budget which carried symbolic reforms that would help Lebanon receive soft loans from the Paris IV donor conference.In addition to the 2018 budget and taxation, Torbey and Hariri also discussed international support conferences for Lebanon.Torbey said Hariri was considering participating in the event, according to the statement.Hariri also received the chairman of the Banking Control Commission Samir Hammoud, to talk financial developments and preparations for the CEDRE conference, which will be held in Paris in support of Lebanon's economy and infrastructure.Lebanon's economy relies heavily on the banking sector, in addition to the tourism sector.
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