Lebanon’s government on Friday approved a draft law to distribute financial losses from the 2019 economic crisis that deprived many Lebanese of their deposits despite strong opposition from political and banking officials.The draft law is a key demand from the international community, which has conditioned economic aid to Lebanon on financial reforms.It will be submitted to the country’s divided parliament for approval before it can become effective.The cabinet passed the draft bill with 13 ministers in favor and nine against. It stipulates that each of the state, the central bank, commercial banks and depositors will share the losses accrued as a result of the financial crisis.Prime Minister Nawaf Salam told journalists after the session that the bill “is not ideal... and may not meet everyone’s aspirations” but is “a realistic and fair step on the path to restoring rights, stopping the collapse... and healing the banking sector.”According to government estimates, the losses resulting