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Veteran Druze leader Walid Jumblatt has spoken out against the government’s privatization drive

Veteran Druze leader Walid Jumblatt has spoken out against the government’s privatization drive. “‘With regard to the party's policy of counteracting this liberal wave that wants to sweep off the vital parts of the state, we will address it with a lot of calm to preserve the public domain and reject such brutal privatization that Lebanon has not seen for a long time,’ Jumblatt went on. He pointed to the power of privatization to overthrow stable regimes. ‘I also hope that the parties that have not yet spoken about privatization would do so, as now is the time because poverty does not distinguish between the Shiites, the Druze, the Sunnis and the Christians,’ emphasized Jumblatt.”

Source: National News Agency

The parliament has approved legislation governing all 'public private partnerships'

The parliament has approved legislation governing all ‘public private partnerships.’ “The law will be applied to government and municipality projects, such as infrastructure. This includes electricity production and distribution, public transport, and trash management, as well as telecom and civil aviation. The Higher Council for Privatization and Partnership will be the authorized party for approving, launching, and managing projects, and it will act as the liaison between the private sector and government bodies. A regulatory authority will be established for each concerned sector to issue, renew, and terminate licenses. The authority will also approve service charges and impose fines.”

Source: BusinessNews.com.lb