Lebanon is at a defining moment—a fragile economy teetering between recovery and collapse. “People are hopeful now, but the problem is, people are poor,” says Khalid Zeidan, founder and chairman/general…
Finance
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By the strange virtue of its unresolved economic and financial crisis of now four year duration, Lebanon has become an examination room and nation-scale laboratory for analyzing an economic and…
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Banking everywhere is being confronted with deep societal paradigm shifts and digital transformation challenges. Demands for better governance and heightened societal and environmental accountability are being leveled by civil societies,…
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In the annals of economic distress, poignant statements often serve as harbingers of the challenges that lie ahead. Three years ago, then- President Michel Aoun’s proclamation that we were going…
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Seen in isolation, the situation of Lebanon at the onset of 2022 is that of a country which is still in the depths of a mindboggling crisis. The national crisis…
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The Lebanese national debt, seen in relation to the country’s GDP, has been one of the highest in the world for many years. When the cost of servicing that debt…
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The definition of reform in the dictionary is “making changes to something in order to improve it.” The challenge has become insurmountable and the country’s finances might fall into a…
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More than 120 countries in the world have some form of a pegged exchanged rate system, in either soft or hard pegs mainly to the US dollar or the euro.…
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The Budget draft law for 2022 that has been submitted to the Council of Ministers, projects 55.2 trillion Lebanese pounds in expenditures with revenues of 39.1 trillion. The need…
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In its efforts to address the grim situation that the economy and financial system are in, the Government of Lebanon published in April 2020 a financial recovery plan aimed at…