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
The IMF’s World Economic Outlook released in October 2020, offers an oversight of the Global economy; the rekindling of the economic activity amidst the pandemic across advanced and emerging market ... read more
While the rest of the world moves beyond Coronavirus measures, Lebanon struggles to grapple with dual crises. Most nations began to overcome the standstill generated by the notorious pandemic. This is ... read more
Abstract Lebanon can no longer ‘pull a rabbit out of the hat’. The protests of October 2019 exposed enormous underlying fragilities. The events expedited a financial, economic, security and social crisis ... 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
Abstract In July 2018, the IMF presented a report promoting “inclusive growth” in the Middle East and North Africa (MENA) region and it emphasizes that inclusive growth is a modern responsibility shared by ... read more
On March 14, 2018, the IMF issued a statement that highlighted medium-term projections on Lebanon’s debt to GDP ratio and economic growth as the Capital Investment Plan (CIP) is implemented. The IMF ... read more
The Egyptian economy witnessed positive developments during the year 2017, thus sending strong messages of hope that the country is on the right path. Improved performance in Egypt’s key sectors, tighter ... read more
Like any other system in the world, Lebanon’s financial sector has its particularities and its vulnerabilities. While it’s good to expose and discuss the risks our financial system can encounter, it is ... read more
“The reform agenda is known, but is now more urgent” notes the IMF staff in their 2016 Article IV Consultation for Lebanon. Indeed, a lot of ink has been poured on the needed reforms in Lebanon: Fiscal ... read more
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