The Banque du Liban denies that Salama intervened with the “Internet” to delete information about the financial collapse


The Banque du Liban denies that Salama intervened with the “Internet Fund” to delete information about the financial collapse

Saturday – 3 Rabi’ al-Awwal 1443 AH – 09 October 2021 AD Issue No. [

The headquarters of the Bank of Lebanon in Beirut (Reuters)

Beirut: «Middle East»

The report published by a Swiss newspaper accusing the Governor of the Banque du Liban, Riad Salameh, of interfering to delete information from a report issued by the International Monetary Fund in 2016, sparked a political controversy that called for a denial from the governor of the Central Bank, while the head of the “Free Patriotic Movement” MP Gebran Bassil relied on the newspaper’s news. To charge Salama with “intentionally obliterating the truth.”
The Swiss newspaper, Le Temps, said, in a report published on Thursday, that in 2016, while Lebanon was heading towards financial collapse, 14 pages containing important information were deleted from an assessment of the International Monetary Fund after the intervention of the Governor of the Central Bank of Lebanon, demanding their removal. . The newspaper claimed that the information omitted from the IMF report “was warning of the danger of the economic situation and the massive financial weakness in Lebanon, which, three years later, plunged the country into the biggest crisis it has witnessed since the civil war.”
Yesterday, the Banque du Liban denied the information contained in the Swiss newspaper’s report, considering in a statement that it was a “treadful article”. The Central Bank considered, “This article and everything that came in it has nothing to do with the truth, and that attributing these accusations and interventions to the Governor of the Banque du Liban is far from reality.” He considered that “the allegations of deleting 14 pages from this report have negative goals against the ruler himself, and are part of the ongoing aggressive targeting campaign against his person.”
The Central Bank of Lebanon stressed, “The method of the International Monetary Fund’s work is serious and transparent, and whoever is aware of its method of work will not believe such lies and gossip,” explaining that “whoever prepares such a report is a working team composed of several people from the IMF who visit Lebanon and discuss all topics that The report will be based on it, and the results of this report, with all concerned parties in the Lebanese state, especially the President of the Republic, the Prime Minister, the Minister of Finance and the Central Council of the Banque du Liban, and not only the governor of the Banque du Liban.
He added, “The IMF team will then head to Washington in the United States, where the final report is written and sent to the Lebanese state, not just the Bank of Lebanon, to put its notes on it that may or may not be taken.” This report was discussed and approved by the IMF Board of Directors, which is composed of executive directors representing all countries of the world.
The Central Bank of Lebanon said that “it is clear that what was issued by the Swiss newspaper confirms the lack of seriousness of this article, as it is attributed to the Governor of the Banque du Liban personally deleting 14 pages from the report of such a global and respected institution such as the International Monetary Fund.” He said: “What is suspicious is the timing of writing this article, with Lebanon announcing the start of serious negotiations with the International Monetary Fund, which is a cause for concern, as there are parties whose goal is to thwart all efforts to recover Lebanon.”
Recalling that it was “not the first time that the Governor of the Banque du Liban has been subjected to such campaigns by the same Swiss newspaper,” he saw that this “confirms the presence of some biased people behind these suspicious and false articles.” He said: “All these aggressive campaigns against the governor of the Banque du Liban began in April 2020 after Lebanon announced its failure to pay (Eurobonds) in March 2020.”
Lebanon is suffering from what the World Bank has described as one of the deepest recessions in recent history. The financial system collapsed in 2019 after decades of corruption and waste in state institutions. Prime Minister Najib Mikati’s government, which was formed last month, has said it will resume negotiations with the IMF on a financing program, and technical talks are expected to start soon.
It was based on the news of the Swiss newspaper to attack Salama. The head of the Free Patriotic Movement, MP Gebran Bassil, expressed his shock, saying: “In April 2016, on the eve of his financial engineering, the Governor of the Banque du Liban deleted 14 pages from a report issued by the International Monetary Fund and the World Bank warning of a catastrophe after discovering the central bank’s large deficit and loss of liquidity from Banks.” He added, “Three and a half years before the beginning of the collapse, the ruler deliberately obliterated the truth, adding a crime to a crime.”


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