IMF knew Lebanese central bank had $4.7 billion shortfall in 2015 – Reuters
Officials said central bank had net negative assets due to claims by commercial lenders, report says
The International Monetary Fund found that the Central Bank of Lebanon had a $4.7 billion asset shortfall in 2015, according to a report by Reuters.
According to the Reuters report, the fund’s staff wrote this in an aide-memoire. But central bank governor Riad Salameh successfully asked IMF officials to keep the fact out of the subsequent public report, Reuters said.
The Reuters article confirms a report in the Swiss newspaper Le Temps earlier this month. The central bank strongly denied
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