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Al Mayadeen's Beirut Bureau Chief Roni Alfa: This Israeli aggression says that issue of negotiating with Lebanon is not on table, and that "Israel" will not abide by Resolution 1701.
Al Mayadeen's correspondent: Preliminary casualty toll of Israeli aggression on Southern Suburb of Beirut now at one martyr, 21 wounded.
Ammar: Palestinian experience shows that settlements and talk of peace cannot emanate from enemy that blatantly declares its intent to expand.
Ammar: Unfortunately, enemy is emboldened to commit its aggression by voices within Lebanon that have turned themselves into tools that support its aggression.
Ammar: We are in a full-fledged battle with enemy, and walk at a different pace; we will set the time [for a response].
Ammar: Resistance dealing with utmost wisdom, patience, and will confront this enemy at appropriate time.
Ammar: Any attack on Lebanon is violation of red lines, this aggression is part and parcel of entity which targets Lebanon's dignity, sovereignty, and security of citizens.
Lebanese MP Ali Ammar from attack site: Israeli aggression has attacked entirety of Lebanon since Washington-sponsored ceasefire.
Israeli media citing senior US official: We were not informed prior to strike, but as it was underway.
Israeli media: US had been informed of planned escalation against Lebanon.

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."

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

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