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Lebanon
President Joseph Aoun received Banque du Liban governor Karim Said at Baabda Palace and was briefed on the Arab Monetary Fund governors’ board meeting and Said’s election as its president.
President Joseph Aoun received Banque du Liban governor Karim Said at Baabda Palace before noon today and was briefed on the atmosphere and discussions of the Arab Monetary Fund Board of Governors meeting, as well as Said’s election as chairman of that board.
Aoun congratulated Said on the election and said he valued the achievement, describing it as highly significant, especially at a delicate stage Lebanon is going through on the road to economic recovery and reform of its financial system. He said the vote reflected firm Arab confidence in Lebanese competence and reinforced Lebanon’s active presence in regional financial institutions.
The president also said the confidence granted to the central bank governor at this high Arab level reflected recognition of the pivotal role he plays in the reform process, and that it constituted moral support that strengthens the economic recovery path the Lebanese state is seeking.
For his part, Dr. Said thanked the president for his position and said he would carry Lebanon’s image and interests in this new responsibility. He added that he would work to strengthen ties with Arab financial institutions in a way that serves the economic revival process and helps restore confidence in the Lebanese economy, which is suffering from the repercussions of the current war.
