Deputy Governors Possible Resignation Puts Lebanons Economic Reform Plan at Risk

Deputy Governors Possible Resignation Puts Lebanons Economic Reform Plan at Risk

It seems that the resignation of the First Deputy Governor, Wissam Mansouri, is now behind him, following the positive atmosphere that prevailed during the meeting between the four deputies and Caretaker Prime Minister Najib Mikati last Thursday.

On Monday, Mansouri will hold a press conference to announce his plan, which represents a complete departure from the politics that have been adopted for thirty years, as gradual behavioral change is deemed necessary, according to the sources.

Otherwise, the most vulnerable people will be the ones who suffer the most.

During his conference, Mansouri explained that implementing the proposed reform plan would allow for the liberation of the exchange rate.

The core of this plan involves lending the government in dollars, followed by the approval of capital control and the restructuring of banks and the 2023 budget within the next six months, which is considered more than sufficient, according to the sources.

Meanwhile, the security forces will be on guard against those manipulating the exchange rate and engaging in dollar speculation.

With the approval of the budget and capital control, the government will become self-reliant, and at the same time, stabilizing public sector salaries will be possible through increasing tax revenues and improving state income, as per the