Se­nior Le­banese fi­nance of­fi­cial re­signs in protest

Arab News - - Front Page - Beirut Alain Bi­fani Di­rec­tor gen­eral at Fi­nance Min­istry

A se­nior mem­ber of the Le­banese team ne­go­ti­at­ing with the In­ter­na­tional Mon­e­tary Fund (IMF) abruptly re­signed on Mon­day in a sign of the dif­fi­cul­ties that the talks face.

Alain Bi­fani, the di­rec­tor gen­eral at the Min­istry of Fi­nance, left his post in protest at the han­dling of the cri­sis.

At a press con­fer­ence after his res­ig­na­tion, Bi­fani de­fended the gov­ern­ment’s ap­proach, say­ing that it “de­vel­oped a cor­rect eval­u­a­tion, was ap­proved unan­i­mously, and was wel­comed by fi­nan­cial in­sti­tu­tions.”

“I chose to re­sign be­cause I refuse to be a part­ner or wit­ness to the col­lapse, and pa­tience no longer works to­day,” he said.

Bi­fani launched

a

strong

I chose to re­sign be­cause I refuse to be a part­ner or wit­ness to the col­lapse.

at­tack on “the forces of dark­ness and in­jus­tice who have joined to­gether to ter­mi­nate what we have done, so we reached a dead end where the risk ra­tio rose to a level that could no longer be dealt with silently.”

Economists be­lieve that the in­ter­fer­ence of the Le­banese par­lia­ment is “sup­port­ing the bank­ing and the Cen­tral Bank’s al­liance against the gov­ern­ment’s plan to pre­vent the bank­ing sec­tor from bur­den­ing a part of the losses it does not want to bear.”

Newspapers in English

Newspapers from Saudi Arabia

© PressReader. All rights reserved.