RIYADH: Lebanon's assets are subject to privatization, especially for those in sectors that have failed, the country's minister of economy revealed on Monday.
In an interview with Asharq, Amin Salam argued the private sector could be better placed to turn a profit than the government.
However, the issue remains of how to organize any asset sell-off in a way that preserves the rights of the Lebanese state, he said.
Salam was appointed to his role last month, and has already met with the World Bank twice as he seeks to resolve Lebanon’s ongoing energy supply issues.
He said: “We have a problem with the infrastructure, especially the energy sector. Therefore, it is normal to direct a major part of the investments to these areas.”
Salam added that the Lebanese economy could be back on track within five years.
Regarding releasing frozen deposits in Lebanese banks, he pointed out that the priority is to protect small depositors.
