#economic-crisis

Lebanon’s austerity plan offers no real reforms

By: DR. DANIA KOLEILAT KHATIB.Arab News, April, 14, 2020

The Lebanese government this week leaked its long-awaited “reform plan,” which is supposed to form the basis for its negotiations with the International Monetary Fund (IMF) and international donors. The plan …

Lebanon Faces a $50 Billion Hole Even Beyond Its Eurobonds

By: Paul Wallace.Bloomberg, Feb. 26, 2020

Lebanon has a lot more than just maturing Eurobonds to worry about.

In addition to $31 billion of those, the Middle Eastern nation’s central bank has $52.5 billion of obligations in the form of foreign-currency deposits and certificates of deposit, …