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Lebanese elites’ economic rescue planning may fail

Location:

LEBANON

After six weeks of protests that began when the government tried to cut its fiscal deficit by increasing indirect taxation and reducing public services, Lebanon is now rapidly…

Lebanon’s debt-based model is ultimately unsustainable

Location:

LEBANON

The insurance costs for Lebanon’s sovereign bonds rose rapidly in September, reflecting both general unease among investors in emerging markets and specific concerns about…

COVID-19 may give Lebanon’s premier a short-term boost

Location:

LEBANON

This came shortly after Prime Minister Hassan Diab addressed the nation, promising a 1.2-trillion-Lebanese pound (400-million-dollar) stimulus plan -- although it was unclear how…

Beirut faces a massive challenge on aid and reform

Location:

LEBANON

The government has drawn up a detailed document setting out the gravity of the country’s economic plight and requesting over 10 billion dollars of additional aid from the IMF and…

Lebanon’s economy has further to fall

Location:

LEBANON

The central bank has struggled to address a deep financial crisis that, exacerbated by COVID-19, has impoverished a whole population. In addition to complex exchange controls, it…

Beirut will need IMF support, despite political costs

Location:

LEBANON

This followed the government’s decision to default, for the first time ever, on bonds maturing on March 9. There is a mounting controversy over whether to seek financial support…

Lebanon’s Central Bank governor will be replaced

Location:

LEBANON

Salameh, along with his brother Raja, is under investigation in Lebanon and Europe for alleged financial irregularities following Lebanon’s 2019 economic collapse. The economy…