In countries with deficits and debt like Lebanon, what matters is not only how high these deficits and debt can get, but also how they are usually financed. Economic theory predicts that central bank ... read more
Lebanon’s Central Administration of Statistics (CAS) has recently switched from an annual system to a new quarterly system of national accounts. It stated that the “sources and methods used to compile ... read more
The data released by the Ministry of Finance (MoF) recently indicated that Lebanon’s gross public debt hit $93.74B in July 2020, thereby recording an annual 9% increase. The increase is mainly attributed ... read more
According to Ministry of Finance (MoF) latest figures, Lebanon’s fiscal deficit (cash basis) stood at $2.2B by June 2020, down from last year’s $2.4B. In detail, the substantial deficit is attributed to ... read more
The Corona virus outbreak and the economic situation in Lebanon have had wide ranging implications on construction companies at the time when the real estate sector was already struggling. According to the ... read more
Ernst & Young Middle East hotel benchmark survey informs that in H1 2020, hospitality markets in the MENA region witnessed a drop when compared to the same period last year as a result of challenges ... read more
BLOM Bank published on 11/9/2020 its un-audited, consolidated financial results for H1 2020. The results obtained were largely affected by the impact of the financial and economic crisis that has struck ... read more
According to BDL’s latest monetary report, the BOP recorded a cumulative deficit of $5.53B by July 2020, compared to a deficit of $5.32B by July last year. Accordingly, Net foreign Assets (NFAs) of BDL ... read more
According to Lebanon’s consolidated commercial banks’ balance sheet, total assets decreased by 8.63%, year-to-date (y-t-d), to stand at $198B in July 2020. In details, Resident customers’ deposits (which ... read more
Since the beginning of 2020, more and more countries across the globe shut down borders and limited domestic travel as a response to the coronavirus outbreak Thus, cancelling almost all flights to control ... read more
To help guide the urgently needed global response, the World Bank Group (WBG), in cooperation with the United Nations (UN) and the European Union (EU) conducted a Rapid Damage and Needs Assessment (RDNA), ... read more
On the heels of publishing its audited financial results for 2019, Byblos Bank published in late August 2020 its unaudited financial results for H1 2020. Net profit for H1 2020 was down to zero, falling ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s Total assets added 9.27% since year-start, to reach $154.45B in August 2020. The increase was mainly due to the 29.84% rise in ... read more
The Central Bank of Lebanon (BDL) issued recently four new circulars. Circular 567 issued on 26/8/2020 asks banks to take provisions equal to 45% of their holdings of Lebanese Eurobonds; and to take 1.89% ... read more
In the midst of the country’s ongoing political and economic crisis and the intensifying depreciation of the Lebanese Pound’s value on the parallel market, Lebanon’s inflation rate in July 2020 stood at ... read more
According to the Ministry of Finance’s (MoF) latest debt report, Lebanon’s gross public debt increased annually by 8.9% to $93.40B in H1 2020. In details, debt in local currency (denominated in LBP) stood ... read more
In the first half of 2020, Lebanon’s trade deficit totaled $3.59B, narrowing from the $8.41B registered in the same period last year. In fact, total imported goods retreated by 48.7% year-on-year (YOY) to ... read more
On August 20, 2020, Fitch Ratings has affirmed Lebanon’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘Restricted Default’ (RD) and Long-Term Local-Currency IDR at ... read more
In a short report on Lebanon’s emerging economic and social situation, ESCWA identified four major factors that have affected the situation quite negatively: political instability, the economic and ... read more
Byblos Bank published its audited consolidated financial results for end 2019. The Bank’s statement said “several dramatic factors have come together for the first time since Lebanon’s independence 75 ... read more
The Association of Car Importers in Lebanon (denoted as AIA) recently shared its automotive report in which it explains that “ As a result of the dramatic Beirut Port Explosion on 4/8/2020, the damages ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s Total assets added 9.59% since year-start, to reach $154.90B in mid-August 2020. The increase was mainly due to the 28.13% rise ... read more
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