Lebanese PM: Agreement Needed on New C.bank Chief Before Probe Takes Course

Lebanese PM Najib Mikati. AFP
Lebanese PM Najib Mikati. AFP
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Lebanese PM: Agreement Needed on New C.bank Chief Before Probe Takes Course

Lebanese PM Najib Mikati. AFP
Lebanese PM Najib Mikati. AFP

Lebanese Prime Minister-designate Najib Mikati said on Tuesday a political agreement on a new central bank governor was required before a probe into current head Riad Salameh progresses.

He made his comments shortly after a judicial raid on the Beirut headquarters of Banque du Liban, a move Mikati denounced as inappropriate because the bank dealt with issues related to monetary stability and it could lead to an "ominous shock."

"What is required is that this file be dealt with via prior political agreement on a new governor of the Banque du Liban, and that the case take its appropriate legal course after that," a statement from Mikati's office said, Reuters reported.

Salameh, the central bank governor for about three decades, faces corruption probes in at least five European countries and in Lebanon, which has been plunged into a deep financial crisis that critics blame, in part, on his policies. He has defended his actions and denied wrongdoing, saying the investigations are politically motivated and aim at scapegoating him for the Lebanon's financial problems.

Judge Ghada Aoun charged Salameh in March with illicit enrichment related to a case involving the purchase of Paris apartments by him and his close associates that were subsequently rented to the central bank Salameh heads.

Aoun ordered Tuesday's central bank raid to implement a subpoena against Salameh but was unable to find him, according to statements by Aoun to local news outlets.

A central bank spokesperson told Reuters he had received conflicting information on whether Salameh was at the central bank at the time of the raid and so could not confirm whether he was there or not.



Finland Supports Morocco’s Sovereignty Over Sahara

Finland’s Foreign Minister Elina Valtonen welcomes her Moroccan counterpart Nasser Bourita in Helsinki on Tuesday (EPA)
Finland’s Foreign Minister Elina Valtonen welcomes her Moroccan counterpart Nasser Bourita in Helsinki on Tuesday (EPA)
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Finland Supports Morocco’s Sovereignty Over Sahara

Finland’s Foreign Minister Elina Valtonen welcomes her Moroccan counterpart Nasser Bourita in Helsinki on Tuesday (EPA)
Finland’s Foreign Minister Elina Valtonen welcomes her Moroccan counterpart Nasser Bourita in Helsinki on Tuesday (EPA)

Finland on Tuesday officially joined the list of EU member states which have so far recognized Morocco's sovereignty over Western Sahara and its Autonomy Plan that Helsinki said represent a “good basis for a solution” to the dispute.

The shift marks Finland as the first Nordic country to officially and explicitly back the Moroccan plan, describing it as the only realistic solution to the lingering territorial dispute over the Sahara.

This position was expressed in a joint statement published Tuesday in Helsinki, following talks between Morocco’s Foreign Minister Nasser Bourita, and his Finnish counterpart Elina Valtonen.

“Finland considers the autonomy plan presented in 2007 as a serious and credible contribution to the UN-led political process and as a good basis for a solution agreed upon between the parties,” said the statement, reiterating its support for the “political process aimed at reaching a just, lasting and mutually acceptable political solution.”

Also, both ministers expressed their common position on the exclusive role of the UN in the political process, reaffirming their support for Security Council resolutions and the support of their respective countries for the efforts of the UN secretary-general’s personal envoy, aimed at advancing this process.

Finland's new position is part of the momentum of international support for Morocco's sovereignty over its Sahara and the Autonomy Plan, under Moroccan sovereignty, backed by many countries, under the leadership of King Mohammed VI in recent years.

It also comes one week after France announced its decision to recognize Morocco's sovereignty over Western Sahara. The French move opened the door wide for similar positions from countries that have not yet recognized Morocco's sovereignty over all its southern territories.

Already, several countries have recognized Morocco’s sovereignty over its Sahara.

In 2020, the US was the first country to announce such position. Then US President Donald Trump wrote on his Twitter account that the move is a tribute to Morocco being the first country to recognize the United States as an independent nation.

In 2022, Spain had officially announced its endorsement of the autonomy plan in a move that eased a diplomatic dispute between Madrid and Rabat that flared over a year.

In total, more than 40 countries have expressed support for Morocco's autonomy plan.