The U.S. will intervene in Lebanon’s selection of a new Central Bank Governor to combat corruption and limit Hezbollah’s influence. This move underscores Washington’s active role in addressing Lebanon’s financial crisis, as the new governor will play a crucial role in economic reforms needed for international support and recovery.
The United States is set to intervene in selecting Lebanon’s new Central Bank Governor, aiming to combat corruption and block Hezbollah’s funding via the banking system. This decision reflects Washington’s deepening engagement in Lebanese affairs amid the country’s ongoing severe financial crisis, which has persisted for over five years, resulting in an economic collapse.
This intervention signifies U.S. efforts to diminish Hezbollah’s influence, particularly after its political power declined due to recent Israeli operations. Following these events, Joseph Aoun was elected as Lebanon’s president, establishing a government without direct Hezbollah representation, which is now tasked with appointing a new Central Bank Governor since the position has been filled by an interim leader since July 2023.
U.S. officials are currently assessing potential candidates for the gubernatorial role, with meetings reportedly held in Washington and at the U.S. Embassy in Beirut. Candidates have been questioned about their strategies for combating “terrorism financing” and their willingness to challenge Hezbollah, as revealed by several Lebanese and diplomatic sources.
Although no comments were provided from the U.S. State Department or the Lebanese government on this development, a U.S. official noted that the selection criteria emphasize excluding individuals associated with Hezbollah or corruption and focus on reforms vital for economic recovery in Lebanon.
The U.S. intervention in Lebanon’s Central Bank Governor selection highlights its commitment to curbing corruption and restricting Hezbollah’s influence. The new governor will be essential in implementing necessary economic reforms to address Lebanon’s financial crisis. As the country seeks international aid, the successful appointment will be pivotal in restoring confidence in its banking system and facilitating economic rehabilitation.
Original Source: www.jordannews.jo
