International Monetary Fund

Souhaid Concludes Reform-Focused Consultations in Paris and Washington

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

Washington International Monetary Fund Banks Central Bank of Lebanon Karim Souhaid

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)

Gulf Bahrain European Union International Monetary Fund Saudi Arabia

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)

Banks Central Bank of Lebanon International Monetary Fund

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)

International Monetary Fund Europe Gulf Hezbollah

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 ...

Cautious Optimism Persists as Lebanon’s Retail Sector Remains Sluggish

This Is Beirut, 15/05 18:00 - Reading : 2 minute(s)

Banque du Liban Gulf International Monetary Fund

The latest Retail Trade Index published by the Beirut Traders Association and Fransabank for the first quarter of 2025 is bluntly titled: “A cautiously optimistic start to the year… but commercial activity remains sluggish.” A headline that reflects a climate both promising and uncertain. The optimism stems largely from notable political ...

Ongoing Crisis in Lebanon: Economic Downturn Continues in 2024

This is Beirut, 30/04 08:20 - Reading : 2 minute(s)

International Monetary Fund Lebanon Growth GDP-Lebanon

Sharp GDP Contraction Lebanon is now in its sixth consecutive year of economic crisis, with key indicators remaining at their lowest levels, according to the World Economic Outlook (WEO) report published in April 2025 by the International Monetary Fund (IMF). GDP contraction continues, and despite a slight easing of inflation and the current ...

Washington: Hezbollah’s Financing and Disarmament are Interconnected

Bassam Abou Zeid, 26/04 18:40 - Reading : 2 minute(s)

Hezbollah International Monetary Fund Qard al-Hassan World Bank Lebanon US treasury

Combating the financing of terrorism was a central topic for the official Lebanese delegation at the Spring Meetings of the International Monetary Fund (IMF) and the World Bank in Washington. The most significant discussions were held with US Treasury Department officials, particularly involving Finance Minister Yassine Jaber and Central Bank ...

Divisions Stall Parliamentary Talks on Beirut Municipal Council Parity

This is Beirut, 25/04 11:10 - Reading : 2 minute(s)

Banks International Monetary Fund Municipal Elections

Sectarian divides once again paralyzed legislative work in Lebanon, as Parliament failed to reach any concrete decision on the issue of Christian-Muslim parity within Beirut’s municipal council. The matter has now been referred to a parliamentary committee for further examination. During a plenary session held on Thursday evening, Lebanese ...

In Washington, Lebanon’s Central Bank Governor Calls for a Structured National Recovery

This is Beirut, 24/04 11:35 - Reading : 2 minute(s)

Banks Washington International Monetary Fund Banque du Liban

During the Spring Meetings of the International Monetary Fund and the World Bank in Washington, Banque du Liban Governor Karim Souhaid delivered a stark and candid assessment of Lebanon’s critical condition. Speaking to an audience of international experts and policymakers, Souhaid described a country “at a crossroads—between fragility and ...

Search
Latest news