The Symptoms of the Systemic Crisis
Liliane Mokbel, 17/11 15:30 - Reading : less than a minute
Byblos Bank chief economist Nassib Ghobril answers This is Beirut’s questions about the consequences of the systemic crisis.
BDL
Farah: The State Bears Full Responsibility for the Misuse of Public Funds
This is Beirut, 12/11 20:00 - Reading : 2 minute(s)
Lebanese economist and columnist Antoine Farah told Huna Lubnan that the Lebanese state bears full responsibility for the misuse of public funds both before and after the financial crisis, noting that what was once unclear prior to the 2019 collapse has now become indisputable. Farah argued that the state, working hand-in-hand with the ...
Sebastian Gorka’s Visit and Lebanon’s Financial Crossroads
This is Beirut, 10/11 19:35 - Reading : 6 minute(s)
The Senior Director for Counterterrorism Sebastian Gorka’s visit to Lebanon over the past two days has added an unexpected but timely dimension to the country’s search for economic and political stability. His meetings with local officials and policy advisors reportedly centered on policies to cut off ...
When Samir Hammoud Sacrifices Depositors to Please the IMF
This is Beirut, 07/11 15:20 - Reading : 4 minute(s)
Negotiation skills refer to the capacities and methods used by an individual when engaging in discussions with another party in order to reach an agreement that satisfies both sides, without sacrificing the rights or interests of either. Key negotiation skills include planning, managing expectations, persuasion, problem-solving, decision-making, ...
A Financial Gap Law That Writes Off Deposits and Submits to the IMF
This is Beirut, 04/11 13:30 - Reading : 4 minute(s)
In appearance, Finance Minister Yassin Jaber sought to present his meeting with the Association of Banks in Lebanon (ABL) delegation at the Ministry of Finance as a broad, constructive session that projected an image of consensus. His public remarks reinforced this impression, suggesting that both sides—the ministry and the banks—were aligned ...
BDL Leads Financial Recovery and Reassures Depositors
Liliane Mokbel, 29/09 19:05 - Reading : 3 minute(s)
Lebanon Central Bank of Lebanon Banks International Monetary Fund economy deposits BDL
At a luncheon debate hosted by the École supérieure des affaires (ESA), Karim Souhaid, the Governor of Lebanon’s Central Bank (BDL), presented his assessment of the country’s economic situation – “slowly but surely moving in the right direction” – to around 40 members of the Mouvement des entreprises de France (MEDEF), currently on ...
New Banknotes to Boost the Lebanese Pound
Liliane Mokbel, 17/09 10:35 - Reading : 2 minute(s)
Issuing higher-denomination banknotes for the Lebanese pound is simply common sense, given that the largest note currently in circulation is LBP 100,000—worth about USD 1. The others are worth even less: LBP 50,000 (roughly USD 0.50), LBP 20,000, LBP 10,000, and LBP 5,000. Lebanon has been in the grip of a currency collapse for six years, with ...
BDL, Lebanon’s Anchor of Trust on the Path to Recovery
Liliane Mokbel, 12/09 15:40 - Reading : 5 minute(s)
Lebanon Central Bank of Lebanon Banks Banque du Liban economy BDL
In a country where figures are often subject to interpretation and fiscal data remains scarce or unreliable, Lebanon’s Central Bank (BDL) seeks to reaffirm its role as a reference point for institutional investors and international markets. It also aims to provide citizens with clear benchmarks to better understand the rationale and direction ...
Karim Souhaid: The Banking Reform Law Undermines the Independence of the Central Bank
This is Beirut, 07/05 21:45 - Reading : 4 minute(s)
Lebanon BDL Banque du Liban Economy Parliament
Presenting a 33-page document containing substantial remarks on the banking reform bill submitted by the government, the Governor of the Central Bank of Lebanon, Karim Souhaid, attended a session of the Parliamentary Finance and Budget Committee held mid-week. The session was chaired by MP Ibrahim Kanaan and attended by 40 parliamentarians, along ...
The New Governor of BDL Will Be Nominated Outside the Mechanism of Administrative Appointments
This is Beirut, 18/03 14:20 - Reading : 1 minute(s)
Ministerial sources said that the Cabinet will continue discussions on the mechanism of administrative appointments on Friday. The focus will be on addressing gaps in the plan originally prepared by Minister Mohammad Fneish and approved by Prime Minister Saad Hariri’s government in 2010—a plan that was never implemented due to a legal ...
Kulluna Irada's Strategy: Writing Off Deposits and the Bankruptcy of Banks
This is Beirut, 14/03 08:30 - Reading : 4 minute(s)
Demands for accountability from Kulluna Irada have intensified over its actions in recent years, particularly since the 2019 financial crisis. This includes the decision by former Prime Minister Hassane Diab's government to declare Lebanon bankrupt, its failure to repay debts, and its role in destabilizing the country's monetary and financial ...
Official Start of Negotiations with IMF, Jaber Confirms: No Write-Off of Deposits
This is Beirut, 12/03 20:30 - Reading : 5 minute(s)
Lebanese authorities announced the resumption of negotiations with the International Monetary Fund (IMF) to reach a final agreement that would grant the country loans while advancing its reform agenda. Talks between the Lebanese government and the IMF began on Wednesday, aiming for a staff-level agreement as a step toward broader negotiations to ...