It took more than seven months to complete the 2019 budget law, despite the pressing need to have completed it by the maximum constitutional deadline of end January 2019. Had…
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There has been a growing concern over Lebanon’s debt outlook. True, the fiscal deficit at end of Q3 2018 was twice that of 2017 for the same period. Two main…
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There has been quite a lot of concern regarding Lebanon’s recent fiscal performance and its debt outlook. In its Article IV reviews for Lebanon, the International Monetary Fund has repeatedly…
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Last March, Lebanon requested to use $77 million (25% of itsquota) of IMF financing as Emergency Post-ConflictAssistance (EPCA) for the first time since it joined thisinternational financial institution on April…
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As part of Paris III, the Lebanese government has promisedto embark on a number of fiscal reforms addressing primarilythe revenue side “in view of the relatively limited scopefor further cuts…
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The Lebanese government has proudly outlined itsprivatization program in the recovery paper presented toParis III donors, underscoring its crucial role in promotinggrowth, reducing public debt and fiscal deficits. The focusis…
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The exuberant Paris III conference provided $7.6 billion in concessional pledging; certainly, a positive outcome as concessional loans—loans with flexible terms for the borrower—are more favorable than market borrowing in…
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