Lebanon's Cabinet on Friday approved a draft law to determine the extent of losses suffered by Lebanese banks during the country's financial meltdown in 2019 and provide a mechanism to return depositors' funds that were wiped out at the time.

Lebanon's Cabinet on Friday approved a draft law to determine the extent of losses suffered by Lebanese banks during the country's financial meltdown in 2019 and provide a mechanism to return depositors' funds that were wiped out at the time.