In its latest report on exchange rate unification published on 21 April 2021, the IIF surveys briefly the experiences of 12 countries with multiple exchange rates. The report argues that the parallel ... read more
In its update on Lebanon, published in April 2021, the World Bank report estimates Lebanon’s Real GDP growth to contract by 20.3% in year 2020, in contrast to -6.7% in 2019. The estimated loss is a result ... read more
Lebanese local currency has lost nearly 85 percent of its value over the past one year and months amid the critical economic and financial crisis that has threatened to disrupt the country. Moreover, the ... read more
A new privatization Report, published in January 2021 by the Issam Fares Institute for Public Policy and International Affairs at the American University of Beirut and titled “Privatization of Lebanon’s ... read more
On Thursday, France and the United States representatives addressed Lebanese politicians on the importance of forming a new government in the short-run and hence the need to carry out the necessary reforms ... 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
According to Lebanon’s consolidated commercial banks’ balance sheet, total assets decreased by 12.21%, year-to-date (y-t-d), to stand at $190.3B in November 2020. This decrease will likely continue for the ... read more
Month of December marked a high manufacturing Purchasing Managers’ Index (PMI) for the US which increased from 56.7 in November to 57.1 in December, the best reading since September 2014. The last month of ... read more
Lebanon trade deficit dropped 58.97% compared to the same period last year to reach $4.66B. In details, total imported goods slumped by 49.97% year-on-years (YOY) to $6.92B by August 2020. Further, ... read more
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