While appearing to do nothing, policymakers are in fact tacitly responding to the crisis.
We believe Lebanon’s public debt is unsustainable. We strongly recommend that the Lebanese government commences with a comprehensive restructuring effort to bring down the debt burden to a level the country can afford.
An independent group of development specialists, economists and finance experts met in Beirut late-December to discuss the ongoing economic crisis and the path forward. This note summarizes the deliberations and puts forth a ten-point action plan meant to arrest the crisis and place the country on a path of sustained recovery.
Since the mass protests in October and the ensuing resignation of Prime Minister Saad Hariri, Lebanon’s economic and fiscal crisis has accelerated, with the World Bank forecasting a recession.
A regular survey of experts on matters relating to Middle Eastern and North African politics and security.
In an interview, former minister Nasser al-Saidi explains why Lebanon’s financial revival will be a massive undertaking.
The military is woven into almost every part of Egypt’s economy. It runs businesses, produces goods, and manages huge infrastructure projects. What are the consequences of involving a country’s armed forces so deeply in its private and public enterprise?
The Egyptian military’s takeover in 2013 transformed its role in the national economy, turning it into an autonomous actor that can reshape markets and influence government policy setting and investment strategies.
The Kremlin is riding high in the Middle East, where Russia’s military intervention in Syria has changed the course of the country’s civil war. The Kremlin’s actions in the Middle East have deep historical roots, but potential Russian influence should not be over-exaggerated.
In an interview, Ibrahim Jamali discusses Lebanon’s economy and says talk of a pound devaluation is premature.