The frontispiece of the BDL headquarters, in the Hamra district of Beirut. João Sousa/L'Orient-Le Jour
Banque du Liban (BDL, central bank) Governor Karim Souhaid's silence since his inauguration speech on April 4 has fueled speculation. Just days ahead of the spring meetings of the International Monetary Fund (IMF) and the World Bank, questions remain: What is his position on the long-awaited reforms, particularly the restructuring of the banking sector? And how does he intend to restore the rights of depositors harmed by Lebanon’s financial collapse? Read more Karim Souhaid at BDL: No dramatic twist, but a well-orchestrated staging In the absence of any public or media statements from Souhaid, a first indication can be found in a letter he sent to the Finance Ministry on April 9 — three days before the Cabinet adopted the draft law on the “Reform and Reorganization of Banks in Lebanon.”The letter, reviewed by L’Orient-Le Jour,...
Banque du Liban (BDL, central bank) Governor Karim Souhaid's silence since his inauguration speech on April 4 has fueled speculation. Just days ahead of the spring meetings of the International Monetary Fund (IMF) and the World Bank, questions remain: What is his position on the long-awaited reforms, particularly the restructuring of the banking sector? And how does he intend to restore the rights of depositors harmed by Lebanon’s financial collapse? Read more Karim Souhaid at BDL: No dramatic twist, but a well-orchestrated staging In the absence of any public or media statements from Souhaid, a first indication can be found in a letter he sent to the Finance Ministry on April 9 — three days before the Cabinet adopted the draft law on the “Reform and Reorganization of Banks in Lebanon.”The letter, reviewed by L’Orient-Le...