Economic Digest

Short analyses about Lebanon’s latest economic indicators, updated on a monthly basis

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BDL Foreign Assets Down by 5.47% YTD to $35.23 B in March 2020

According to the Central Bank’s (BDL) balance sheet, total assets recorded an increase by 3.48% since year-start, to stand at $146.28B in 2020. In fact, this can be mainly attributed to the rise in “Gold” ... read more

Blom Bank Sal Extends the deadline for the CCC

On 24, March 2020, BLOM Bank SAL informed its shareholders that due to the exceptional situation that Lebanon and the region are going through following the outbreak of COVID-19 and the decision of the ... read more

Lebanon Starts Negotiations with Investors and Presents a Recovery Plan

Lebanon’s Finance Ministry held an investor presentation on March 27, 2020 to update the country’s Eurobond holders on the government’s economic plans and the principles for debt restructuring. In fact, On ... read more

Gross Public Debt Up Yearly by 7.8% to $91.99B in January 2020

According to the data released by the Ministry of Finance (MoF), Lebanese gross public debt increased by an annual 7.8% to settle at $91.99B in January 2020. In details, local currency debt (denominated in ... read more

Rouba Chbeir
Economic Digest
March 27, 2020

Lebanon’s Trade Deficit at $820.5M in January 2020, Down by 29.8%YOY

During the first month of 2020, Lebanon’s trade deficit totaled $820.5M, narrowing from the $1.17B registered in the same month last year. In fact, total imported goods retreated by 18% year-on-year (YOY) ... read more

Rouba Chbeir
Economic Digest
March 24, 2020

Audi Bank Listed 188.78M New Common Shares on BSE after Completing Phase 1 of BDL’s Required Cash Contribution

Beirut Stock Exchange (BSE) announced that as of March 23rd 2020, an additional 188,789,011 common shares issued by Bank Audi will be listed on the BSE. In fact on March 18th 2020, Bank Audi announced the ... read more

Rouba Chbeir
Economic Digest
March 23, 2020

Number of Construction Permits Hit an All-time Low of 591 in January 2020

Looking at Lebanon’s real estate activity, we infer that the number of real estate transactions in January 2020 added 27.3% totaling 4,668 transactions. However, the upbeat figures only take into account ... read more

S&P Ratings Downgraded Lebanon’s Foreign Currency Rating to “selective default”

On Saturday 7 March 2020, Prime Minister Hassan Diab announced that Lebanon for the first time will not pay a $1.2B Eurobond due on March 9 and will seek to restructure its massive debt which reached $91B ... read more

BDL Foreign Assets Down by 4.09% YTD to $35.74 B in mid-March 2020

According to the central bank’s (BDL) balance sheet, total assets recorded an increase by 2.34% since year-start, to stand at $144.66B in mid-March 2020.In details, BDL foreign assets (constituting 24.71% ... read more

Public Personnel Costs Up by 0.42% y-o-y to $5.39B by October 2019

According to Lebanon’s Ministry of Finance (MoF), personnel costs rose by an annual 0.42% to reach $5.39B by October 2019 compared to the same period last year. In fact, the eminent growth in personnel ... read more

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Economic Digest