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
Al Mayadeen's correspondent in South Lebanon: One martyr reported in Israeli drone strike targeting motorcycle in Ain Qana.
Israeli media: Sirens sound in Nahal Oz settlement in Gaza Envelope.
Syria: Local sources report that General Security forces targeted the camp of French fighters from the 'al-Ghuraba division' in the Idlib countryside with mortar and tank shells.
Syria: Local sources report a general military mobilization of foreign fighters in Idlib following armed clashes in the “French Camp” in the Idlib countryside.
Syria: Local sources report that International Coalition forces carried out an airdrop operation on a house in the village of al-Kassar, eastern countryside of Deir Ezzor.
Local sources: 3 killed, 7 injured in attack on transport bus in Idlib countryside, Syria
The 'French faction' in Idlib announces that Syrian security forces are preparing to attack its camp amid accusations that it is collaborating with ISIS.
Palestinian media: Israeli occupation forces storm the Old City in the center of Nablus, occupied West Bank
Local sources to Al Mayadeen: Sudanese army forces drones strike town of Kabkabiya, North Darfur.
Syrian Observatory: The plane is loaded with air defense systems and heavy weapons as part of US troop reinforcements to its bases in northeastern Syria

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

  • By Al Mayadeen
  • Source: Le Temps Newspaper
  • 7 Oct 2021 10:34
  • 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

Yemeni Armed Forces Chief of Staff Major General Mohammad Abd al-Karim al-Ghamari , during a ceremony in an undisclosed locations in Yemen, undate (Yemeni Military Media)

Yemeni Armed Forces mourn martyred Chief of Staff al-Ghamari

  • Politics
  • 16 Oct 2025
How an Israeli-backed firm spied on US churches to push propaganda

How an Israeli-backed firm spied on US churches to push propaganda

  • Politics
  • 15 Oct 2025
From previous scenes of the Qassam Brigades targeting an Israeli D9 bulldozer with a Yassin 105 shell, east of Deir al-Balah. (Military Media of the Qassam Brigades)

US knew fatal Rafah blast cause was not Hamas op., says journalist

  • Politics
  • 20 Oct 2025
Smoke and fire rises after 'Israel' launched airstrikes on the village of Ansar, Lebanon, October 16, 2025 (social media)

'Israel' launches two waves of brutal strikes on east, south Lebanon

  • Politics
  • 16 Oct 2025

Coverage

All
War on Gaza

Read Next

All
An Israeli settler stands over a woman who was harvesting olives after assaulting her, October 19, 2025 (social media)
Politics

West Bank sees 757 Israeli settler attacks in one year

The OpenAI logo appears on a mobile phone in front of a screen showing part of the company website in this photo taken on Nov. 21, 2023 (AP)
Technology

OpenAI unveils new search browser built around chatGPT

White House Chief of Staff Susie Wiles, from right, and War Secretary Pete Hegseth listen as President Donald Trump meets in the Cabinet Room of the White House, Monday, October 20, 2025, in Washington (AP)
Politics

‘Your mom’ politics take over Trump administration

Hezbollah Secretary-General Sheikh Naim Qassem during a public address on October 21, 2025 (Screengrab)
Politics

Sheikh Qassem: Lebanon stability depends on ending Israeli aggression

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