Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Iranian Foreign Ministry spokesperson: No new date or venue has been set for the meeting between Araghchi and Witkoff, and no negotiations will take place until the outcome is guaranteed
Palestinian platforms: Settlers storm Al-Aqsa Mosque complex under the protection of the occupation police
Palestinian platforms: The IOF detonated a booby-trapped robot east of the al-Zaytoun neighborhood, south of Gaza City
Syrian Defense: We call on all parties in Sweida to cooperate with security forces and exercise restraint
Al Mayadeen's correspondent: The Lebanese Army is continuing its investigations and will later announce any information that does not affect the confidentiality of the investigation
Al Mayadeen's correspondent: It has not yet been determined whether the detainees belong to ISIS or another organization
Al Mayadeen's correspondent: Around 10 people of different nationalities, including Lebanese nationals, were detained
Al Mayadeen's correspondent: The Lebanese army arrested a number of people in the Matn area of Mount Lebanon with possession it has not disclosed
Gaza Civil Defense spokesman: We have strong indications that there are martyrs, injuries, and trapped people in the Salah al-Din area
Gaza Civil Defense spokesman: Citizens should avoid Salah al-Din Street because anyone who approaches it is at risk of being directly targeted

Swiss Newspaper: Lebanon's Central Bank Hid IMF Warnings About Economic Crisis

  • By Al Mayadeen
  • Source: Le Temps Newspaper
  • 7 Oct 2021 11:34
  • 1 Shares
2 Min Read

A Swiss newspaper obtains a document revealing that Lebanon's Central Bank Governor crossed out 14 pages of an International Monetary Fund report in 2016 that warned of Lebanon's economic crisis.

  • x
  • An IMF representative warned Salameh that Lebanon is
    An IMF representative warned Salameh that Lebanon is "on the verge of collapse."

Swiss newspaper, Le Temps, revealed that Lebanon's Central Bank and its governor, Riad Salameh, crossed out 14 pages of an IMF report in 2016 that warned of the economic crisis that befell Lebanon after 3 years.

The newspaper mentioned that it was able to obtain a document about the meeting held on April 9, 2016, between representatives of the IMF in Lebanon, the governor, and several other Central Bank officials.

The revealed document said that an IMF representative warned Salameh that Lebanon is "on the verge of collapse."

Related News

Lebanon's ex-central bank chief stays behind bars as probe continues

Lebanon's ex-central bank chief arrested over financial crime claims

According to the newspaper, reports prepared by IMF's Financial Sector Assessment Program had shown that the net deficit of the Central Bank has a gap of $4.7 billion, which represents 10% of the gross domestic product.  

They also indicated that Lebanese banks do not have the needed capital to face a potential crisis.

Le Temps reported that the crossed-out information might have allowed reducing the economic crisis that Lebanon has been facing since 2020, the worst since the civil war between 1975 and 1990.

Lebanon's poverty rate increased from 28% to 55% in one year, as 6 million citizens were deprived of access to their bank accounts, while the country is facing fuel and medicine shortages.

However, the IMF also bears a great responsibility for not publishing the full report that would have made a difference. The report published in January 2017 consisted of 70 pages, while the original version was 84 pages long.

  • Riad Salameh
  • Central Bank of Lebanon
  • Lebanon

Most Read

Hezbollah SG reveals war details on Al Mayadeen for the first time

Hezbollah SG reveals war details on Al Mayadeen for the first time

  • Politics
  • 8 Jul 2025
Major ambush in Gaza kills 6 Israeli troops, injures dozens

Major ambush in Gaza kills 5 Israeli troops, injures 14

  • Politics
  • 8 Jul 2025
Israeli soldiers are seen in Beit Hanoun ahead of an operation by the al-Qassam Brigades, undated (Al-Qassam Brigades Military Media)

'Israel' on blast as media exposes report discrepancies in Gaza ambush

  • Palestine
  • 8 Jul 2025
Yemen Navy sinks ETERNITY C ship, shares footage of operation

Yemen Navy sinks ETERNITY C ship, shares footage of operation

  • Politics
  • 9 Jul 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
The Freedom Flotilla ship Handala as it departs for Gaza, where it aims to break the maritime blockade at a port in Syracuse, Sicily in southern Italy on July 13, 2025. (AFP)
Palestine

Freedom Flotilla's Handala departs Sicily in bid to break Gaza siege

The container ship CMA CGM Laperouse, left, docks at the Georgia Ports Authority's Port of Savannah, Sept. 29, 2021, in Savannah, Ga (AP)
Politics

US shipbuilding woes deepen as tariffs, outdated policies backfire

Gaza war raises ethical questions for ex-Obama, Biden officials
Politics

Mercenary firm tied to Gaza war crimes hires Obama-Biden PR operatives

'Israel' targets children in Gaza collecting water
Palestine

'Israel' strikes Gaza kids fetching water, blames it on 'malfunction'

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS