Report: Cabinet Debates Financial Appointments at Upcoming Meeting


The appointments at high-ranking positions within the Central Bank of Lebanon will be discussed during the Cabinet meeting likely to be held on Friday, the Saudi Asharq al-Awsat reported on Monday.

A ministerial source who spoke on condition of anonymity, told the newspaper that “the appointments will include four deputy governors to Central Bank Governor Riad Salameh, the head and members of the Banking Control Committee, the government commissioner at the central bank and members of the Financial Markets Commission.”

The source said the issue of appointments was discussed on the sidelines of the meeting recently held between Speaker Nabih Berri and PM Hassan Diab, which was devoted to discuss draft laws and proposals included on the agenda of the legislative session to be held on Thursday.

Asharq al-Awsat learned from parliamentary and ministerial sources that a number of names nominated to fill these positions are currently being negotiated, so that the differences between political parties that delayed these appointments before, are not renewed.

The sources noted that a delay to fill these positions hampers reconstruction of the Central Council (which sets the monetary and credit policies of the Bank) of the Central Bank, which in turn is a major priority for the International Monetary Fund to start securing the regularity of the banking and financial system in Lebanon.

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