Month of September held some positivity after the formation of the long awaited government, followed by the confidence votes at UNESCO palace on September 20, 2021 as well as discussions on the new ... read more
According to the latest World Bank Lebanon Economic Monitor, “Lebanon Sinking: To the Top 3”, the economic and financial crisis is likely to rank in the top 10, possibly top 3, most severe crises episodes ... read more
Moody’s assigned a sovereign credit rating of C to Lebanon. The C rating reflects Moody’s “assessment that the losses incurred by bondholders through Lebanon’s current default are likely to exceed ... read more
The data released by the Ministry of Finance (MoF) recently indicated that Lebanon’s gross public debt hit $94.81B in September 2020, thereby recording an annual increase of 9.3%. The increase is mainly ... read more
The cash-basis fiscal deficit of Lebanon climbed to a 10-year high of $670.4M in Jan. 2020, after registering a $72.83M deficit in the same period last year. In fact, the national developments since ... read more
MACROECONOMIC OVERVIEW Lebanon was in a state of “economic recession” in 2019. GDP growth dipped into negative territory in the consecutive quarters Q1 and Q2 of 2019. During the period, a political ... read more
It is time for the long-awaited national decision. The Lebanese government is expected to make a decision by March 07th 2020 by which it will opt to either default on its first batch of Euro bonds maturing ... read more
Credit rating downgrades on Lebanon and its banks during of February 2020 weighed down on future business expectations. February’s PMI results revealed a stark pessimism in the private sectors’ sentiment ... read more
Abstract There is no international framework or sovereign law today that forces any country to undergo a debt restructuring or resort to the IMF when in crisis. In fact, to-date there is no “bankruptcy” ... read more
The fiscal deficit (on cash basis) of Lebanon narrowed from $3.38B in the first 8 months of 2018 to $2.95B by August 2019. The reduced deficit is attributed to a 4.81% annual decline in government ... read more
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