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Central- The President of the Republic, General Michel Aoun, discussed in the Baabda Palace with the President of the Economic and Social Council Charles Arbid, the economic conditions of the country and the means of treatment.
Arbid gave President Aoun a presentation of the current economic reality in the country and the means to address it.
He explained that he raised with the President of the Republic “the delay in the official announcement of the nature of the explosion that occurred in the port of Beirut on August 4, and the need to expedite it so that the institutions affected by its consequences obtain compensation from the insurance companies that are waiting to determine the causes and nature of the explosion in order to build on the thing. ” Reminiscent of that. “
Arbid noted that “the investigation also addressed the proposed closure of the country to address the repercussions of the spread of the” Corona “epidemic, highlighting that” the solution is not in the complete closure, but in implementing the measures taken by the the government and the Corona Anticorona Committee, “pointing out that” poorly considered decisions are harmful. “On the economic sector, and that what should be shared is the measures that the government intends to take with the affected sectors.”
He said: We discussed with President Aoun the issue of lifting subsidies and the implications of this step on the economic and consumer situation in the country, and we suggest that the subsidy be targeted on the one hand, and the need to seek alternatives on the another, such as the ration card that the Banque du Liban indicated to prepare, or request the bank’s support. International for this purpose. “
He noted that “the rapid procedures document that was presented to the Council of Ministers in a previous session, the implications of the port explosion.”
He added: The investigation also addressed issues related to the work of the Economic and Social Council.
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