Economy and International relations

Riad T. Salamé (Lebanon) is Awarded the PAM Award (2019)

Every year, the Parliamentary Assembly of the Mediterranean (PAM) offers awards for regional excellence in various fields, ranging from arts and sports to economics and politics. Distinguished individuals, institutions and organizations are recognized for contributing to the betterment of the region by bridging relationships, fostering understanding and respect, and encouraging socio-economic cooperation, political dialogue, confidence building and conflict solution.

This year, I proposed Riad T. Salamé, the Governor of the Central Bank of Lebanon and the Governor for Lebanon at the International Monetary Fund (IMF) and the Arab Monetary Fund (AMF). Good monetary policies and economic development measures make it possible to stunt poverty and avoid resulting conflicts, like terrorism and war, in unstable contexts such as Lebanon’s. Thanks to his various economic and financial endeavors, Salamé has made it possible for Lebanon to maintain monetary stability during critical events, such as the assassination of PM Rafic Hariri, the 2006 War, the Syrian Crisis and the recent dispute with the Kingdom of Saudi Arabia (KSA) in 2017. His actions have helped maintain stability in an area of political and social unrest, demonstrating how economic conditions can help enhance peace.

I look forward to meeting Mr. Salamé and listening to his acceptance speech in Belgrade for the 13th PAM Plenary session and 36th PAM Bureau Meeting, where he will be duly awarded for his achievements.

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