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 ...
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, ...
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 ...
President Donald Trump's envoy is set to deliver a firm message to Lebanese leaders during a visit on Thursday: the U.S. will not tolerate the unchecked influence of Hezbollah and its allies over the ...
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 ...