(Illustration: L'Orient-Le Jour)
If the remarks made last week in Doha by the U.S. Deputy Special Envoy for the Middle East, Morgan Ortagus — who suggested that Lebanon might do without the IMF under certain conditions (possibly linked to normalizing relations with Israel) — stirred controversy in Lebanon, the reform process is officially still ongoing. Each day brings its share of surprises.One of these surprises came from Central Bank Governor, Karim Souhaid, who, after making a strong impression a few weeks ago by sharply criticizing the banking resolution bill under review by the parliamentary committee, sent a positive signal to the government last week on another issue close to his heart: the resumption of the forensic audit of the Central Bank’s accounts. In a May 22 statement, the financial institution said that Alvarez & Marsal had received all the data...
If the remarks made last week in Doha by the U.S. Deputy Special Envoy for the Middle East, Morgan Ortagus — who suggested that Lebanon might do without the IMF under certain conditions (possibly linked to normalizing relations with Israel) — stirred controversy in Lebanon, the reform process is officially still ongoing. Each day brings its share of surprises.One of these surprises came from Central Bank Governor, Karim Souhaid, who, after making a strong impression a few weeks ago by sharply criticizing the banking resolution bill under review by the parliamentary committee, sent a positive signal to the government last week on another issue close to his heart: the resumption of the forensic audit of the Central Bank’s accounts. In a May 22 statement, the financial institution said that Alvarez & Marsal had received all the...