Beirut Spring Logo

Blogging Lebanese politics, business and society since 2005

The Secret Behind Lebanon's Successful Banking Sector

An appreciation of Lebanon’s central bank Governor Riad Salameh and his policies which made Lebanon avoid the international financial crisis:

Apart from Lebanon’s conservative lending policies, another key factor behind the country’s financial well-being was the surprising insights of the governor of Lebanon’s central bank — Riad Salameh — who in 2007 ordered the country’s private banks to exit all mortgage-backed securities and brace for the financial crash he saw looming.[5] “You could have thought [he] had a crystal ball,” said Edward Gardner of the International Monetary Fund (IMF) regarding Salameh’s actions

If you’re into the nitty gritty of finance and economic policy, this is a great piece to read. It will leave you with a new admiration for the man steering Lebanon’s monetary policy.

4 thoughts on “The Secret Behind Lebanon's Successful Banking Sector

Comments are closed.