Lebanese Economy

The past year has seen the nation’s top political actors in the Cabinet and Parliament regularly present themselves as being busy in the people’s interest. A budget law was debated…

Since the start of Lebanon’s financial woes at the end of 2019, the government has proposed several measures to address the liquidity crisis in banks. Yet all the suggested measures…

All individual and group-based economic activity – simply, all human economic activity – inextricably relates to the community or society that the individual or economic group is embedded in. This…

Introduction by Executive Editors When the Council of Ministers approved an economic reform program at the end of April, 2020, then-Prime Minister Hassan Diab hailed the plan with the epithet…

A key driver of the Lebanese economic crisis has been the losses incurred by the public sector. These losses have impaired the banking sector and through it the deposits of…

Banque du Liban (BDL), Lebanon’s central bank, makes a curious claim on its website. Under “Monetary Overview” in the “About Us” section, the bank says that, beginning in 2013, it…

Lebanon has been severely affected by the Syrian crisis that erupted in early 2011. The signs are evident everywhere, starting from a massive refugee presence, which is now more than…

In good times and in bad ones, leading wealth management institutions and Lebanese families and individuals are connected via a bond of mutual interests in profits and wealth preservation. Among…

Lebanon is a small dependent economy, built on a quasi-complete consumerist system where we import more than 80 percent of our energy, food and most consumed products and services. The…

The received wisdom goes something like this: Tourism is a mainstay of the Lebanese economy, and the country, rich in history, climate and culture, could attract even more tourists if…