Meet Karim Souaid, Lebanon’s new central bank chief with daunting mission

Lebanon appoints wealth manager central bank governor

The Lebanese government named asset manager Karim Souaid as central bank governor on Thursday, official media reported, a post crucial to implementing economic reforms demanded by international creditors. He was appointed despite the reservations of the new, reformist prime minister, Nawaf Salam, who called on Souaid to commit to the government's reform agenda in a country gripped by a five-year economic collapse widely blamed on official misman…

Unlike President Joseph Aoun, Prime Minister Nawaf Salam refused to support Karim Souhaid's candidacy, presented by his critics as a close friend of the "bank lobby".

Lebanon Appoints New Central Bank Governor Tasked With Addressing Financial Crisis - The Media Line

Lebanon’s government appointed asset manager Karim Souaid as […] The post Lebanon Appoints New Central Bank Governor Tasked With Addressing Financial Crisis appeared first on The Media Line.

Meet Karim Souaid, Lebanon’s new central bank chief with daunting mission

The appointment of a new central bank governor comes nearly two years after the term of embattled governor Riad Salameh ended in July 2023.

Lebanon appoints asset manager Karim Souaid as new central bank governor

Lebanese PM and president pledge to prioritise reforms and help secure funds needed to kick-start economy

On Thursday 27 March, the Lebanese government appointed a new Governor of the Bank of Lebanon, a key post in preparation for negotiations with the International Monetary Fund for the release of financial aid to Lebanon, which has been hit by a serious economic crisis since 2019.