An International Monetary Fund (IMF) team, led by Mr. Ernesto Ramirez Rigo, visited Beirut from September 11 to 14, to discuss recent economic developments and progress on key reforms. At the end of the ... read more
On 8 March 2022, the Institute of International Finance (IIF) published its new report on Lebanon, in which it incorporates the major discussions that took place during its Conference Virtual Trip to ... read more
S&P Global Ratings maintained in their RatingsDirect, issued on 21 February 2022, Lebanon’s Ratings at SD for Foreign Currency and at CC for Long-Term Local Currency. The foreign currency rating ... read more
The road to economic recovery in Lebanon will be difficult and tough. The government should take bold steps and implement a recovery plan that should tackle many important points. One of the most ... read more
According to the Central Administration of Statistics (CAS), the Consumer Price Index (CPI), which gives an overview about the evolution of goods and services’ prices consumed by households, revealed that ... read more
In a report on Lebanon released on 16 September 2021, the IIF noted that a “new cabinet was formed, after a 13-month political vacuum, with key ministries shared between sectarian political parties. ... read more
For the month of August, President Michel Aoun and Prime Minister-designate Najib Mikati have met several times to agree on a new cabinet with no end result. However, as of last week, President expressed ... read more
After a delay in government formation efforts, Lebanon’s economy is expected to contract further in 2021, in addition to drops in private consumption and exacerbating economic, exchange rate and debt ... read more
According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets added 4.04% compared to last year, to reach $153.7B by mid-April 2021. Reasons behind the increase include the 2.77% ... read more
According to BDL’s latest monetary report, the BOP recorded a cumulative deficit of $10.2B by November 2020, compared to a deficit of $5.85B over the same period last year. Accordingly, Net foreign Assets ... read more
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