Lebanon’s Finance Minister: We’re definitely not on the brink of bankruptcy

The Lebanese Finance Minister, Ali Hassan Khalil, said that Lebanon is “definitely not on the brink of bankruptcy,” in an exclusive interview with Al Arabiya’s Rima Maktabi.

“There is a solid banking system and reassuring precautions at the Central Bank that allows maintaining economic, financial, and monetary stability,” he said in the sit-down interview taking place in the Lebanese Ministry of Finance.

Khalil attributed the escalation of the financial economic challenge in Lebanon to a number of things; the domestic political situation, the delay in forming the cabinet, the decrease of financial flows into the country, the Syrian displacement, and the disruption of land routes between Syria and Lebanon.

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