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 …
Lebanon restaurants partially reopen, face faltering economy
The owners of some of Lebanon’s best-known clubs have pulled together a three-day, non-stop virtual music festival …
Lebanon gripped by prime minister’s feud with bank governor
A public fight between Lebanon’s new prime minister and its once untouchable central bank governor is jeopardising the state’s efforts to secure badly needed international financial support as it …