Tag Archives: Karim Souaid

Lebanon has taken a significant step toward addressing its ongoing financial crisis by adopting a draft law aimed at restructuring its banking sector. The move is seen as a critical milestone in meeting the reform conditions set by international lenders, particularly the International Monetary Fund (IMF), as the country continues to grapple with an economic collapse that began in 2019. …

Karim Souaid, Lebanon’s newly appointed central bank governor, officially assumed office in Beirut on Friday, pledging to lead the institution with transparency and independence. In his first public remarks, Souaid emphasized his commitment to battling financial crimes, particularly money laundering and the financing of terrorism, while keeping the bank free from political interference. He outlined a roadmap that includes restructuring …