President Joseph Aoun (center) at his meeting with the IMF delegation led by Ernesto Ramirez-Rigo. (Credit: Photo published on the X account of the Presidency of the Republic)
The battle over the central bank’s leadership ended last week, with the appointment of the president’s preferred candidate, asset and wealth manager Karim Souhaid, after a long showdown outside and inside the Cabinet. All eyes are now on what comes next.In financial matters, this will mainly revolve around implementing reforms aimed at securing an assistance program from the International Monetary Fund, after a crisis that has been ongoing for more than five years and a near paralysis of the dossier. Read more BDL Governor: A decisive test for the new executive However, despite the optimism expressed by stakeholders, including the IMF delegation that visited Beirut three weeks ago, and the government’s strong determination to avoid its predecessors’ failure, not all signals are positive. Recent developments have raised new...
The battle over the central bank’s leadership ended last week, with the appointment of the president’s preferred candidate, asset and wealth manager Karim Souhaid, after a long showdown outside and inside the Cabinet. All eyes are now on what comes next.In financial matters, this will mainly revolve around implementing reforms aimed at securing an assistance program from the International Monetary Fund, after a crisis that has been ongoing for more than five years and a near paralysis of the dossier. Read more BDL Governor: A decisive test for the new executive However, despite the optimism expressed by stakeholders, including the IMF delegation that visited Beirut three weeks ago, and the government’s strong determination to avoid its predecessors’ failure, not all signals are positive. Recent developments have raised...