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A tense first session in committee over bank restructuring

A tense first session in committee over bank restructuring

After the very positive signals sent to the IMF and Lebanon's partners with last week's vote on a new revision of the banking secrecy law and the submission to Parliament of the framework draft law on banking resolution, storm clouds started to gather over this matter and the related issue of loss distribution.The parliamentary Finance and Budget Committee met on Tuesday to review the banking resolution draft law. The session took place in a climate marked by political and institutional tensions. It brought to light the extent of disagreements among parliamentary blocs regarding the reasons behind the crisis, who is responsible for it, and how to align this draft with the still-pending law on loss distribution — officially referred to as the 'Law on addressing the financial gap.''Systematic crisis' and political messagesA central...
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Tense session: Lebanese Parliament passes key loan agreements and military grants
Tense session: Lebanese Parliament passes key loan agreements and military grants

LBCI

time12 hours ago

  • LBCI

Tense session: Lebanese Parliament passes key loan agreements and military grants

Report by Yazbek Wehbe, English adaptation by Yasmine Jaroudi Lebanon's Parliament resumed its legislative session on Tuesday under strained conditions after failing to secure quorum the previous evening. Parliament Speaker Nabih Berri opened the session at 11:50 a.m. with only 63 lawmakers present, falling short of the required threshold for voting. It took an additional 15 minutes and direct calls from Berri's aides to MPs before the necessary quorum was secured. The main blocs boycotting the session included members of the Lebanese Forces, the Kataeb Party, parts of the Change and Renewal Blocs, segments of the Moderation Bloc, and several independent MPs. Despite the political divisions, Parliament proceeded to approve several critical measures. Following Monday's approval of a $250 million World Bank loan to support Lebanon's struggling energy sector, lawmakers on Tuesday ratified a second World Bank loan agreement worth $200 million aimed at economic recovery. Domestically, the session saw Parliament endorse monthly grants of LBP 14 million for active military personnel and LBP 12 million for military retirees. Finance Minister Yassine Jaber pledged to study the feasibility of extending similar grants to retired civil servants, diplomats, and public school teachers. Sources estimate the total cost of the new grants for military personnel, retirees, judges, and university support funds at around LBP 19 trillion. Parliament also discussed the ongoing push for fair salary adjustments across the public sector. The debate over electoral law amendments resurfaced during the session, particularly concerning whether Lebanese expatriates should vote within their original electoral districts. MP Ali Fayad argued that some political factions are using the expatriate vote as a tool to invite foreign pressure on internal Lebanese affairs. Meanwhile, Deputy Speaker Elias Bou Saab criticized lawmakers who boycotted the session. Among the other significant pieces of legislation passed was a law granting municipalities greater authority to increase service fees, enabling them to fund development projects and operations better. The issue of parliamentary quorum is expected to persist in future sessions if the opposition maintains its boycott strategy. However, indications suggest they may be exploring alternative avenues to achieve their political objectives.

Gemayel says shiite diaspora vote seen as threat to political monopoly
Gemayel says shiite diaspora vote seen as threat to political monopoly

MTV Lebanon

time15 hours ago

  • MTV Lebanon

Gemayel says shiite diaspora vote seen as threat to political monopoly

Kataeb Party leader Samy Gemayel warned that efforts to block full voting rights for Lebanese expatriates are part of a broader political scheme aimed at suppressing dissenting voices within the Shiite community and preserving outdated power structures. Following a meeting with MP Mark Daou at the Kataeb Party's headquarters in Saifi, Gemayel issued sharp criticism of the latest legislative session, from which opposition lawmakers withdrew after Speaker Nabih Berri declined to add a proposed draft law on diaspora voting to the agenda. 'Our goal was never to disrupt the session,' Gemayel said. 'There were important items up for discussion, and we wanted to attend, debate, and vote on what matters. But the way the expatriate voting issue was being manipulated left us no choice but to walk out.' Gemayel said the campaign to restrict non-resident Lebanese from voting for all 128 parliamentary seats is being driven by fear of one specific group: Shiite expatriates. 'It is becoming increasingly clear that this fear stems from the belief that Shiite voters abroad would support the Lebanese state and the project of state-building,' he said. 'The attempt to cancel their vote is not about ensuring equality between Lebanese citizens, as some claim; it is about eliminating the impact of a Shiite voice abroad that could break the current monopoly and bring diversity into the Shiite community, just as we see in other sects.' Gemayel accused opponents of using misleading rhetoric to mask their intentions. 'All the slogans raised by the other side are smokescreens to hide the truth. This only makes us more determined to ensure that expatriates can vote for the full parliamentary seats, across all districts,' he said. 'Their votes are key to liberating and rebuilding this country, and ushering in a new era of peace, openness, prosperity, reform, and modernization.' Echoing Gemayel's concerns, MP Mark Daou said his visit to the Kataeb headquarters was part of ongoing coordination with political allies on the growing crisis in Parliament and the battle for diaspora voting rights. 'I came to discuss the developments in Parliament, especially the right of over 1.5 million Lebanese expatriates to vote,' Daou said. 'More than half the chamber is committed to this right and has signed a petition that will be formally submitted to the Speaker and the Bureau of Parliament.' Daou blamed the recent legislative deadlocks on what he called a 'sweeping commitment among MPs to ensure that the diaspora is treated fairly and allowed to vote based on their home districts for all 128 lawmakers, just like residents.' 'We coordinated on how to escalate pressure, activate Parliament's internal rules, and push to place the urgent diaspora voting bill on the legislative agenda,' Daou said. 'We want it to be put to a vote and passed, as demanded by a clear majority of the Lebanese people.' Daou described the push for diaspora voting as a "decisive battle" that could reshape Lebanon's political future. 'This fight will define political participation for all Lebanese. It will also determine the real balance of power on which we can begin building a new post-conflict Lebanon—one that reopens to the world, protects its sovereignty, and gives citizens the hope of meaningful change,' he said. 'This opportunity cannot be wasted due to the obstruction of parties that remain trapped in the past,' he warned. Daou stressed that the battle is not limited to the electoral law. 'The issues of exclusive state control over weapons, full political participation, and judicial independence are core to the Lebanon we want to build,' he said. 'These are essential fights for entering a new phase in Lebanon's future.'

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