6 Hrs
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الشرق اللبنانية
Central Bank Circular on Accountability and Discipline
Lebanese Central Bank's procedures have focused on strengthening principles of accountability and governance concerning the financing it has provided to banks since 2013 for investments in startups, business incubators, and venture capital firms, with the total funding exceeding $300 million. The bank issued amendments to legal provisions to ensure strict management and oversight of these investments, including the requirement to submit financial disclosures, develop exit strategies, and allow restructuring or sale operations only with prior approval. It also condemns any attempt to mismanage assets or manipulate their values. These measures are part of Lebanon's Central Bank efforts to reaffirm principles of transparency, oversight, and financial discipline, accompanied by legal actions when necessary against any entity that misuses funds or deliberately violates regulations.
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