Home Economics & PolicyHow feasible is the recovery of stolen Lebanese assets?

How feasible is the recovery of stolen Lebanese assets?
ENAR

by Riwa Zoghaib

The Lebanese uprising that burst into the streets across the country on October 17, 2019 was a focal point for long held frustrations over a poor governance system and widely perceived endemic corruption. The trigger for the protests was a series of proposed taxes that the previous Lebanese cabinet had agreed on, as part of its austerity push amid a declared state of economic emergency. Those that took to the streets saw these measures as punching down on a populace already suffering economically, and instead directed their anger toward a political class that had, since the end of the civil war, been presiding over Lebanon’s ever-expanding fiscal deficit and public debt. Among the demands that emerged from the streets over months of protests was a call to retrieve stolen public funds and freeze the assets of Lebanese politicians located abroad. Recovering these assets, however, is not a straightforward process. The

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