This is Beirut - International Monetary Fund

BDL Governor Holds Key Talks with IMF Officials in Washington

This is Beirut, 18:10 - Reading : 1 minute(s)

International Monetary Fund Central Bank of Lebanon Washington Middle East lebanon Karim Souhaid

The Governor of Lebanon’s Central Bank (BDL), Karim Souhaid, held a series of high-level meetings in Washington with officials from the International Monetary Fund (IMF), according to a statement issued by his press office on Thursday. Souhaid was accompanied by Deputy Governors Salim Shahine and Gaby Shnouzian, along with the Chairman of the ...

AI and Employment: A Process of Creative Destruction

Paul Guillot, 07/10 11:15 - Reading : 4 minute(s)

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AI is hailed for boosting efficiency, speed, and productivity. But behind the hype, a global concern looms: could it put millions of jobs at risk? From Salesforce headquarters to Amazon warehouses, from New York offices to emerging markets, one question dominates: is AI a ticking social time bomb? A Subtle but Global Threat The IMF estimates ...

BDL Leads Financial Recovery and Reassures Depositors

Liliane Mokbel, 29/09 19:05 - Reading : 3 minute(s)

Central Bank of Lebanon Banks International Monetary Fund Lebanon 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 ...

Issa Sees ‘New Day’ for Lebanon

This is Beirut, 08/08 14:35 - Reading : 1 minute(s)

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US Congressman Darrell Issa affirmed on Friday that “this is a new day for Lebanon,” highlighting that “significant progress has been made in recent days.” Speaking after his meeting with Prime Minister Nawaf Salam, Issa described the developments as a “rebirth for Lebanon,” focusing on reconstruction efforts and urgent needs across ...

France Pledges €75 Million to Lebanon in Joint Statement with PM Nawaf Salam

This is Beirut, 25/07 09:15 - Reading : 2 minute(s)

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French President Emmanuel Macron hosted Lebanese Prime Minister Nawaf Salam on Thursday, July 24, at the Élysée Palace, marking Salam’s first official visit to France since his appointment in January. In a joint statement released at the conclusion of the visit, France and Lebanon reaffirmed their commitment to strengthening ...

Is Iran’s Economy on the Brink?

Christiane Tager, 07/07 17:25 - Reading : 2 minute(s)

International Monetary Fund Israel Iran economy

The war may be over in Iran, the missiles silenced — but another battle rages on: the economy. After decades under crippling sanctions, battered by soaring inflation and a plunging currency, Tehran is still holding on. But for how long? While the military front has quieted, the economic one remains on high alert. For years, the Islamic Republic ...

Souhaid Concludes Reform-Focused Consultations in Paris and Washington

This is Beirut, 30/06 16:20 - Reading : 1 minute(s)

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Central Bank Governor Karim Souhaid wrapped up a round of high-level technical consultations in Paris and Washington focused on advancing structural reforms in the banking sector, according to a statement issued by Banque du Liban (BDL). The meetings aimed to lay the groundwork for a comprehensive reform plan supported by legislative and ...

Renewables and Diversification: The Gulf’s Strategy

Alexandre Baz, 29/06 12:30 - Reading : 3 minute(s)

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After decades of prosperity built on fossil fuels, the Gulf monarchies are increasingly turning toward green hydrogen, pursuing a dual goal: diversifying their economies and demonstrating a credible commitment to tackling climate change. As Karim Elgendy, an ecological transition specialist, told AFP, “The Gulf states want to lead the global ...

Central Bank of Lebanon’s Governor Proposes a Specialized Body for Bank Restructuring

Maurice Matta, 28/06 15:00 - Reading : 6 minute(s)

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The subcommittee of the parliamentary Finance and Budget Committee, chaired by MP Ibrahim Kanaan, continues its review of the draft Banking Sector Restructuring Law. The discussions are centered on resolving divergences between the government's proposal, the IMF’s recommendations, and the proposals presented by Central Bank of ...

Government Breaks 8-Year Deadlock: Major Diplomatic and Economic Reforms

This is Beirut, 16/06 17:05 - Reading : 3 minute(s)

International Monetary Fund Banks Central Bank of Lebanon Israel Joseph Aoun Lebanon Palestine Nawaf Salam Joe Raggi

In a landmark session held on Monday at Baabda Palace, the Cabinet ended an eight-year stalemate by approving a sweeping reshuffle of diplomatic appointments, signaling what officials described as a return to institutional order within the Ministry of Foreign Affairs. Meeting since 10:30 AM, the Council of Ministers approved the full list of new ...

Key Appointments at Banque du Liban Still Pending

Maurice Matta, 05/06 16:00 - Reading : 4 minute(s)

Banque du Liban Central Bank of Lebanon International Monetary Fund Banks Joseph Aoun

The terms of the four vice-governors of the Lebanese Central Bank (BDL) will expire on June 11, along with those of the chairman and members of the Banking Control Commission, as well as three experts on the Capital Markets Authority. In line with Article 18 of the Code of Money and Credit, the governor of BDL is appointed by decree for a ...

IMF: Three Billion to Bury 85 Billion? No, Thank You.

Marc Saikali, 29/05 11:30 - Reading : 4 minute(s)

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The International Monetary Fund wants to lend $3 billion to Lebanon. On paper, it’s an "opportunity" to get a devastated country back on its feet. In reality, it’s a cruel joke. Lebanon is staring into an $85 billion abyss - a gaping hole dug by decades of mismanagement, clientelism, and public governance as cynical as it is incompetent. In ...

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