A government plan for getting Lebanon out of a financial crisis is based on a shift to a flexible exchange rate, but in the “coming period”, and a currency peg will be maintained for now, Finance …
In Lebanon, a Pandemic of Hunger
Anger over a failing economy and unaffordable food has pushed protesters into the streets despite the coronavirus.
Lebanon’s IMF recovery plan looks like an understatement
The banks, long the jewel in Lebanon’s economic crown, and the central bank, the Banque du Liban, are at the heart of this crisis. The banks long offered high interest rates to attract dollar deposits …
Lebanon Extends Virus Shutdown, PM Warns of Second Wave
Lebanon extended its coronavirus lockdown by two weeks on Tuesday with the prime minister warning that failure to comply with a gradual easing of curbs risked a second wave of infections. Lebanon has …
IMF chief says talks with Lebanon on reforms to begin soon
The head of the International Monetary Fund says an economic recovery plan recently adopted by the Lebanese government is “an important step forward” to address Lebanon’s economic challenges …
Man found dead near Quittapahilla Creek in Lebanon identified, second body found
Lebanon City police announced the identity of a man who was found dead near the Quittapahilla Creek canal in Lebanon on Friday as 20-year-old Kenneth Santiago. A …
Lebanon’s Banks Are Burning
Lebanon’s Banks Are Burning Lebanon’s Banks Are Burning… BEIRUT—Lebanon has flattened its coronavirus curve but the country’s protesters are rising up once again. Rather than the placards and …
IMF chief says had ‘productive’ call with Lebanon on its recovery plan
The head of the International Monetary Fund said on Monday she had a “productive” discussion with Lebanese Prime Minister Hassan Diab on the country’s economic recovery plan, and an IMF team would …
Lebanon’s banned Hezbollah says not active in Germany
The head of Lebanon’s Hezbollah movement on Monday condemned Germany’s ban on his group as bowing to US pressure and insisted it was not active in the country. Germany designated Hezbollah a “Shiite t …
Bankrupt Lebanon’s turn to IMF is overdue
The central bank’s governor since 1993, Riad Salameh, continued to attract dollars from Lebanon’s diaspora and around the Middle East by offering ruinously high exchange rates. He called this …