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Is Lebanon’s new central bank governor ‘another Riad Salameh’?

Karim Souaid has been elected as Lebanon's central bank governor, despite concerns about his alignment with the banking lobby, according to Lebanese media reports.
Lebanon faces dire economic challenges, needing $11 billion for reconstruction while grappling with a severe economic crisis since 2019, as estimated by the World Bank.
Critics argue Souaid's policies will not meet the reforms required by the International Monetary Fund, which may affect Lebanon's access to critical relief funds.
Opponents express that further reliance on banking interests will hinder accountability for the 2019 financial collapse, as stated by Mohammad Farida, an economic adviser for the Depositors Union.

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La Libre

Center

The new head of the Central Bank of Lebanon is controversial

Karim Souaid is accused of being linked to the banking sector, which the government intends to reform... ...

2 days ago·Brussels, Belgium

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Al Jazeera

+2 Reposted by 2 other sources

Lean Left

Is Lebanon’s new central bank governor ‘another Riad Salameh’?

Lebanon has a new central bank governor. But critics say he's too close to traditional powers who created the crisis.

3 days ago·Qatar

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pokonews.com

Is Lebanon’s new central financial institution governor ‘one other Riad Salameh’? | Enterprise and Economic system Information

Beirut, Lebanon – Lebanon’s council of ministers has elected Karim Souaid as central financial institution governor – a candidate backed by the nation’s financial institution foyer and a businessman who many say is emblematic of the malaise Lebanon is struggling. Simply out of a brutal conflict with Israel, Lebanon is in dire want of reconstruction and restoration cash. Since 2019, Lebanon has suffered by means of considered one of fashionable h…

3 days ago

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