Lebanon's Central Bank building in Beirut, Friday, March 16, 2018. (The Daily Star/Mohammad Azakir)
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
The International Monetary Fund has urged Lebanon's Central Bank not to repeat financial engineering and to instead focus on normal financial operations.In 2006, Central Bank Gov. Riad Salameh resorted to financial engineering to inject cash into the market and commercial banks due to the political vacuum in the country at that time.The IMF also repeated the need to carry out structural reforms to boost revenues and achieve better growth.The IMF noted that the Lebanese government has acknowledged that corruption exists in the country.It also commended the government's plan to draw capital investments to trigger higher growth and create more jobs in the market.
FOLLOW THIS ARTICLE