Opinion articles

Lebanon must kickstart its economy

Lebanon must kickstart its economy

Reading Time: 3 minutes Lebanon is concurrently being hit with multiple crises, generating the perfect economic and financial storm. Net foreign reserves are at an all time low and hard decisions will have to be taken regarding the restructuring of the sovereign debt in all its forms. As the financial and monetary discussion is taking center stage it is

Lebanon must move toward universal social protection

Reading Time: 6 minutes Decades of social and economic injustice were a driving factor in the social unrest that burst onto Lebanon’s streets in mid-October 2019, unfolding into a revolution. Lebanese had been pushed to breaking point by the effects of a longstanding economic malaise that has since worsened into a ongoing financial crisis with job losses, lowering of

Facing the economic crisis with productive realism

Reading Time: 3 minutes It plainly is depressing. Practically every story in this issue of Executive starts—if not with the scary ad-hoc topic of the coronavirus—but with a reference to the dire economic straits that Lebanon is in. And even before the March issue went to the newsstands, the mood among some of our online readers seemed to be

Lebanon faces growing unemployment

Reading Time: 5 minutes The last study on unemployment in Lebanon—conducted by Lebanon’s Central Administration of Statistics (CAS) in partnership with the International Labor Organization in 2018- 2019—revealed a general unemployment rate of 11.4 percent, reaching as high as 23.3 percent for youth. In light of the past few months, there can be no doubt that these percentages have

The virus within

Reading Time: 2 minutes The situation has become even more surreal. We have a government that is totally disconnected from reality. No matter how many American passports the cabinet collectively has, this government is still undeniably perceived by the international community as a Hezbollah, Amal, and Aounist government, backed by Iran, Syria, and Russia. Meanwhile, this government’s attempts to

The case for Lebanon restructuring its debt

Reading Time: 3 minutes Lebanon’s economic vulnerabilities are on full display. Investors and other stakeholders have lost confidence in the Lebanese financial system, triggering an existential economic crisis. In short, Lebanon’s future is jeopardized by three intertwined crises of sustainability with regard to the public debt, the current account deficit, and the financial sector. As such, resolving Lebanon’s crisis

Those responsible for attacks on the press must be held accountable

Reading Time: 3 minutes Journalists were among the most active in documenting the Lebanese protests, according to our Lebanon Protests open-data platform. This role has put members of the press at risk, with attacks on media spiking in mid-January—the SKeyes Center for Media and Cultural Freedom identified over 20 violations against media between January 14 – 20, raising the

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