• Joint position regarding the appointment of the new Central Bank Governor

    March 25, 2025
    news

    APPOINTMENT OF THE NEXT CENTRAL BANK GOVERNOR

    A TEST FOR THE NEW LEADERSHIP


    Full OP-ED : https://today.lorientlejour.com/article/1453161/bdl-governor-a-decisive-test-for-the-new-executive-.html 


    A matter of strategic importance :

    -    Stop the collusion between the BDL and vested political and private interests

    -    Critical to Lebanons financial recovery

    -    Critical to Lebanon’s credibility on the global stage.

    A test to the new executive leadership commitment to genuine reform.

     

    Criteria for the right profile :

    ·        Integrity and Independence:

    - No conflict of interests

    - Candidates shall an asset declaration in accordance with the Illicit Enrichment Law

     

    ·        Competence

    -  Legal and economic expertise are equally important

    -  An effective BDL leadership shall break from centralized leadership

     

    Key priorities of the next governor :

    ·        Restore credibility through flawless governance.

    ·        Fulfill comprehensive financial and forensic audits

    ·        Restructure the banking sector upholding the principles of hierarchy of claims, and the protection of public assets. 

    ·        Rebuild a banking sector that supports investment and growth.

    ·        Remove Lebanon from the FATF grey list, combating the illicit economy, including that fueled by non-state actors.

     

     

    Signatories :

    Signatories are leaders of expert public policy organizations.

    None of them, nor their organizations, endorse any BdL governorship candidate.

     

    Sami Atallah: Founding Director of The Policy Initiative

    Joseph Bahout: Director of Issam Fares Institute for Public Policy and International Affairs, American University of Beirut

    Nadim Houry: Executive director of the Arab Reform Initiative

    Diana Menhem: Managing Director of Kulluna Irada

    Fadi Nicholas Nassar: Director of the Institute for Social Justice and Conflict Resolution at the Lebanese American University and Senior Fellow at the Middle East Institute.

    Makram Ouaiss: Executive Director of the Lebanese Center for Policy Studies (LCPS)

    Nizar Saghieh: Executive Director at Legal Agenda

    Carine Tohme: Board member at Aldic

    Maha Yahya: Director of the Malcolm H. Kerr Carnegie Middle East Center

     



    • APPOINTMENT OF THE NEXT CENTRAL BANK GOVERNOR A TEST FOR THE NEW LEADERSHIP

    • APPOINTMENT OF THE NEXT CENTRAL BANK GOVERNOR A TEST FOR THE NEW LEADERSHIP

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