The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.

Salamé’s stability strategy underpins Lebanon’s hopes

Through crisis after crisis, Riad Salamé has managed Lebanon’s finances. A new government with big plans will benefit from his prudent policies and his continued firm hand on the tiller. But even the veteran central bank governor is excited by what’s happening in his country. Clive Horwood reports from Beirut.

The veteran Lebanese central bank governor, Riad Salamé

The veteran Lebanese central bank governor, Riad Salamé

ON THE RECLAIMED waterfront at the end of Beirut’s famous Corniche, with views stretching far across the Mediterranean, two gleaming new steel-and-glass towers now dominate the skyline. One of them houses a Four Seasons hotel, the epitome of luxury for the discerning international traveller. For those familiar with Lebanon’s troubled recent history, such a development seems both extraordinary and uplifting. International interest has returned to Lebanon in real substance, especially among the large and wealthy Lebanese diaspora and from rich investors based in the GCC. It’s almost two years since the last outbreak of violence hit Beirut. A national unity government, led by Saad Hariri, is promising meaningful reform and the maintenance of stability.

These shining towers – and the other waterfront properties in Beirut that are fetching as much as $12,000 per square metre from residential buyers – ought to be regarded as confirmation by those who have seen Lebanon through its darkest days that a bright new future awaits the country.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree