#economy

A Grave Crisis, With No Silver Bullet

By: Amer Bisat, Marcel Cassard, Ishac Diwan.Carnegie, May 11, 2020

With Lebanon facing a severe financial crisis, Prime Minister Hassan Diab’s government has adopted an economic program and requested assistance from the International Monetary Fund (IMF). Discussions of the IMF’s involvement in Lebanon have …

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, …

Central banks may mount a coronavirus rescue. It may not be enough

By: Howard Schneider, Leika Kihara, Francesco Canepa.Reuters, Feb. 29, 2020

Cratering markets are pushing global central banks to the point they all warned against and worried about, of an evolving global economic shock hitting at a time when their capacity to respond …

Lebanon Enlists IMF With Debt, Capital Controls on Top of Agenda

By: Dana Khraiche and Lin Noueihed. With assistance by Abeer Abu Omar Bloomberg, Feb. 13, 2020

Lebanon’s top officials are still discussing their options for how to cope with a raging financial crisis after making a request for technical assistance to the …