Lebanon: Mikati Says Central Bank Governor Should Stay for Now

A view shows the Central Bank building, in Beirut, Lebanon November 12, 2020. REUTERS/Mohamed Azakir
A view shows the Central Bank building, in Beirut, Lebanon November 12, 2020. REUTERS/Mohamed Azakir
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Lebanon: Mikati Says Central Bank Governor Should Stay for Now

A view shows the Central Bank building, in Beirut, Lebanon November 12, 2020. REUTERS/Mohamed Azakir
A view shows the Central Bank building, in Beirut, Lebanon November 12, 2020. REUTERS/Mohamed Azakir

Lebanon's Prime Minister Najib Mikati said on Tuesday that central bank Governor Riad Salameh should remain in position for now despite embezzlement probes against him at home and abroad.

Speaking to reporters, Mikati said "one does not change their officers during a war" in reference to Salameh, adding that he would wait for the results of investigations.

Salameh has denied any wrongdoing or taking a penny of public funds.

According to Reuters, Mikati also called for a national dialogue on foreign policy and for improving ties with Arab Gulf countries.

Mikati's government, which is focused on restarting talks with the International Monetary Fund to unlock much-needed foreign aid, has not met since Oct. 12, due to a dispute over a probe into last year's deadly Beirut port blast.

Mikati said that although he bears responsibility for the government's failure to convene, he will not call for a meeting that could lead the government to unravel.

"I've held back on calling for a meeting so matters won't become more complicated," he said.



WTO to Hold Special Meeting End-Nov to Weigh Chief's Reappointment

A logo is pictured outside the World Trade Organization (WTO) in Geneva, Switzerland, September 28, 2021. REUTERS/Denis Balibouse/File Photo
A logo is pictured outside the World Trade Organization (WTO) in Geneva, Switzerland, September 28, 2021. REUTERS/Denis Balibouse/File Photo
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WTO to Hold Special Meeting End-Nov to Weigh Chief's Reappointment

A logo is pictured outside the World Trade Organization (WTO) in Geneva, Switzerland, September 28, 2021. REUTERS/Denis Balibouse/File Photo
A logo is pictured outside the World Trade Organization (WTO) in Geneva, Switzerland, September 28, 2021. REUTERS/Denis Balibouse/File Photo

The World Trade Organization plans a special meeting of its top decision-making body later this month where a decision could be made on the reappointment its Director-General Ngozi Okonjo-Iweala, a document showed on Tuesday.

According to Reuters, a WTO document sent by the General Council chair said the meeting would take on Nov. 28-29 and that the second day "could then provide an opportunity for Members to take a decision on the appointment of the next Director-General".

Okonjo-Iweala is the sole candidate for the job but some have observed that the WTO's months-long reappointment process could allow for US President-elect Donald Trump's team to oppose her candidacy.