Salameh Expresses Relief over Lebanon Banking, Financial Sectors
إقرأ هذا الخبر بالعربية
Central Bank Governor Riad Salameh stressed on Tuesday that Lebanon's banking and financial situation is “good.”
“Our currency is stable and we're witnessing growth in banks budgets and deposits,” Salameh told reporters at Beirut's Rafik Hariri International Airport before heading to Geneva.
He pointed out that Lebanon is one of the country's that wasn't affected by the financial crises hitting the world since 2008.
Salameh headed to the Swiss capital to attend several seminars and business meetings.
Lebanon's ratio of debt to GDP is one of the highest in the world.
According to the IMF's latest estimate, debt stood at 134 percent of GDP last year, down from 137 percent in 2010 and 146 percent in 2009.
In October, the International Monetary Fund warned that the Lebanese economy is at risk from internal political uncertainty, spiraling violence in neighboring Syria and the Eurozone crisis.
However, the IMF said that GDP growth in Lebanon would recover slightly this year, with expansion of 3.5 percent.
09 April 2013, 15:11
24
lol ...
What did you expect him to say?
Salameh will say everything is fine until the wheels fall off ...
09 April 2013, 17:26
32
working extra hard on PR? Can't blame you as FPM is badly in need of good publicity these days.
09 April 2013, 22:41
31
oh... look how M8 manipulates figures to make believe they did everything... LOL
just by forgetting the fact that the debt was 209% in 2006 and fell to 154% in 2009...
so we can say that the previous gvts did better than the M8 one by decreasing much more the debt by 55% whereas M8 only cut it by 20% ...
another proof of M8 dishonesty and propaganda!
10 April 2013, 12:24
02
Salemeh is the man! You know why no single party is opposed to salemeh? as in, why he still runs it? it's because he runs it good! and he runs good the one interest all politicians and parties in Lebanon have in common: Money!
What an irony! we've got to thank our politicians' love for money for our successful economic policies run by Mr. Salemeh :)
