By Josiane Hajj Moussa for bnm Beirut bureau Lebanon’s latest ongoing economic crisis has revealed just how fragile its ...
Lebanon is grappling with war, a paralyzed banking system, triple-digit inflation, rolling blackouts, and a $30 billion debt default. Yet investors can’t seem to get enough of its bonds.
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To understand more specifically how the U.S. economy is exhibiting some of the same precursors to Lebanon’s collapse, we need to look at the root causes of inflation in more detail. As Milton ...
Lebanon’s new prime minister has formed the country’s first full-fledged government since 2022. President Joseph Aoun ...
Exchange rate pass through effects have implied surging inflation, which is estimated to average 145 percent in 2021—the 3rd highest globally after Venezuela and Sudan. As repeatedly called for, ...
In April 2023, Lebanese inflation hit a high at almost 270 percent ... that would increase financial and political transparency in Lebanon. While the government has been slow to implement reforms ...
While this "dollarization" aims to ease inflation and stabilize the economy, it also threatens to push more people into poverty and deepen the crisis. That's because few in Lebanon have access to ...
FAO Representative in Lebanon. Inflation and the removal of wheat subsidies have further strained household budgets, pushing food prices beyond reach for many vulnerable families. Major food price ...