Lebanon is facing a series of simultaneous financial, economic, and political shocks. The country stands at a critical juncture, as hundreds of thousands of Lebanese have fallen under the poverty line in recent months. The protest movement that began in October 2019, following the previous government’s decision to raise taxes, is regaining momentum in spite of the lockdown from the coronavirus pandemic. The Carnegie Middle East Center will offer analyses of the multiple crises afflicting Lebanon, explaining their causes, characteristics, consequences, and potential solutions.
In an interview, Saad Andary discusses Lebanon’s economic crisis and criticizes the government’s plans for addressing it.
Today, four of the five pillars that had sustained Lebanon are collapsing, creating fears for the future.
In an interview, Dan Azzi discusses the many facets of Lebanon’s financial crisis.
Establishing a credible National Wealth Fund would help to alleviate the country’s multiple crises.
In an interview, Mike Azar discusses Lebanon’s ongoing difficulties in reaching a consensus on a financial revival plan.
Asserting the failure of Lebanon’s negotiations with the International Monetary Fund is premature.
As Lebanon continues to flatten the coronavirus curve and as the country opens up again, the protest movement is largely expected to make a comeback, with protestors again voicing demands for an independent judiciary, accountability, early parliamentary elections, and financial reform—among others.
Conservative Republicans have unveiled a report that could have terrible consequences for a country already facing ruin.
In an interview, Amer Bisat says a consensus is emerging that an IMF plan is Lebanon’s only way of securing foreign funding.
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