Prime Minister Saad Hariri meets with President of Association of Banks in Lebanon Joseph Torbey, at the Grand Serail on Monday, March 19, 2018. (The Daily Star/Dalati & Nohra, HO)
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The president of the Association of Banks in Lebanon said Monday that while cuts to Lebanon's 2018 budget were symbolic, they were also impactful, in comments made after a meeting with Prime Minister Saad Hariri.In addition to the 2018 budget and taxation, Torbey and Hariri also discussed international support conferences for Lebanon.Hariri also received Chairman of the Banking Control Commission Samir Hammoud, to talk financial developments and preparations for the upcoming CEDRE conference that will be held in support of Lebanon's economy and infrastructure in Paris.Lebanon's economy relies heavily on the banking sector, in addition to tourism.
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