Central Bank governor Riad Salameh speaks in Beirut, Friday, July 31, 2015. (The Daily Star/Mohammad Azakir)
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Central Bank Governor Riad Salameh has asked the International Monetary Fund evaluate the Lebanese banking sector.International ratings agencies such as Moody's, Standard & Poor's and Fitch usually focus on the Lebanese banks' exposure to the public debt and this exposure prompts these agencies to downgrade the outlook of these lenders although they have high profits and huge assets.Salameh did not explain the reason behind this request but stressed the importance of transparency in the banking sector.Salameh said that Lebanon needs to meet some conditions to encourage ratings agencies to revise their outlook of the country.Salameh also commented on the performance of the Lebanese economy.Salameh stressed that the Central Bank has made a series of initiatives to stimulate the Lebanese economy.
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