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
By July 2020, Lebanon’s trade deficit totaled $4.14B, narrowing from the $10.24B registered in the same period last year. In fact, total imported goods retreated by 50.3% year-on-year (YOY) to $6.13B by ... read more
Lebanon officially asked the IMF for a financial lifeline on May 01st. The Lebanese government began its negotiations with the International Monetary Fund (IMF) after presenting a detailed financial rescue ... read more
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