Salam calls on Souaid to abide by government's financial policy
Prime Minister Nawaf Salam announced Thursday that he did not support the appointment of Karim Souaid as central bank chief for “a host of reasons,” including “keenness on protecting depositors’ rights and preserving the state’s assets.”
“I voiced reservations over his appointment, along with a number of ministers,” Salam said after a Cabinet session in which Souaid received 17 votes out of 24.
“Any governor must abide by the financial policy of our reformist government as expressed by the ministerial statement, in terms of negotiating on a new program with the International Monetary Fund, restructuring banks, and devising a complete plan according to the best international standards to preserve depositors’ rights,” Salam added.
He also said that the government has approved a draft law aimed at amending the banking secrecy law.
“This is our policy and the governor must abide by it. The Lebanese have asked us for reform and we insist on reform,” Salam went on to say.
Source: Naharnet
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