Coordinator of the Anti-Corruption Monitor Charles Saba stressed that the Lebanese government is unable to estimate the loss in the Central Bank and in the State’s Finance.
Coordinator of the Anti-Corruption Monitor and member of the Kataeb party's politburo, Charles Saba, on Friday stressed that the Lebanese government is unable to estimate the loss in the Central Bank and in the State’s Finance, saying that is also inconsistent on how to carry out the needed reforms.
“We have already contacted the International Monetary Fund and we have called them to tighten the local conditions with the Lebanese State so as to implement reforms,” Saba told Voice of Lebanon radio station.
“The aim of this call is to pressure the Lebanese State in a bid to improve the citizens' living conditions and halt the current collapse,” he said.
“What is required from the IMF is to impose a series of reforms as a priority before giving any penny to the Lebanese State, such as implementing financial and monetary investigation at the Central Bank and the Finance Ministry, establishing the Judiciary’s independence, a serious application to fight corruption, reforming the electricity sector and others,” he added.
Saba stressed that the Lebanese economic situation resulted from the deterioration of the Lebanese finance due to the theft, waste and corruption and the prevailing approach that the country has practiced for the past 30 years.
“There is no evidence for the return of the stolen money due to the absence of the financial transparency and the logic of accountability, as well as the absence of Judiciary's independence and serious procedures in the anti-corruption file,” he pointed out.