The Presidency of Suleiman Franjiyyeh (1970-1976)

With regard to economic policy, some reforms were attempted, including implementing the 1943 decree for the protection of industry, rationalizing the pharmaceutical industry, and providing for the state's taking over of petroleum refineries.

With regard to institutions, the Ministries of Petroleum and Industry, and of Housing and Cooperatives were established, as were the first credit banks for medium - and long-term loans. Secondary education and the Lebanese University also continued to grow and to be modernized, while a Social Security Health branch was established. With regard to public services, thermal electric power stations were modernized.

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