“The existing dual exchange rate is not suited for the long-term recovery of the Lebanese economy, because of its distortionary nature and the limited availability of FX-resources in the parallel…
Category:
Fiscal policy
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On April 6, 2018, at CEDRE, donor countries pledged $10.2 billion in loans and $860 million in grants to Lebanon to fund long-awaited infrastructure projects in the country. However, the…
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Much like Ebenezer Scrooge’s selfish deeds, Lebanon’s past monetary and fiscal policies have finally come home to roost. As 2018 ends, most Lebanese have but one haunting worry: What kind…
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At the end of March, Lebanon passed the 2018 state budget, the second budget passed in a six-month period after almost 12 years wihout any budget at all. The 2018…
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Lebanon passed its second state budget in less than six months at the end of March, after being without one for almost 12 years. The 2018 state budget was hastily…
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In November 2017, Parliament ratified a state budget for the first time in over a decade. For fiscal year 2017, the state’s total spending allocation was almost $16 billion (LL23.9…
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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…