financial crisis
Lebanon in ‘final hours before’ declaring it cannot pay its debts: senior MP
Middle East
March 7, 2020
Lebanon in ‘final hours before’ declaring it cannot pay its debts: senior MP
BEIRUT (Reuters) – Lebanon is in “the final hours before” formally announcing it cannot pay its debts, senior MP Alain…
‘Now we have corona’: Cash-strapped Lebanon navigates new crisis
Middle East
March 5, 2020
‘Now we have corona’: Cash-strapped Lebanon navigates new crisis
BEIRUT (Reuters) – Lebanon’s crippling financial crisis could pose a grave threat to managing a coronavirus outbreak that has so…
IMF deal seen as only way out for Lebanon
Middle East
March 4, 2020
IMF deal seen as only way out for Lebanon
BEIRUT (Reuters) — The Lebanese government must swallow its misgivings and reach a rescue deal with the International Monetary Fund…
IMF experts meet Lebanese PM at start of visit
Middle East
February 20, 2020
IMF experts meet Lebanese PM at start of visit
BEIRUT (Reuters) – A team of IMF experts met Prime Minister Hassan Diab on Thursday at the start of a…
Lebanon finances point to debt restructuring: Fitch Ratings
Middle East
February 19, 2020
Lebanon finances point to debt restructuring: Fitch Ratings
BEIRUT (AP) — Lebanon’s financial situation points to a likely restructuring of the country’s massive debt and financial sector to…
Lebanon weighs defaulting or paying Eurobond next month
Middle East
February 13, 2020
Lebanon weighs defaulting or paying Eurobond next month
BEIRUT (AP) — Lebanon’s finance minister said Thursday the country’s new government is weighing whether to pay or default on…
Lebanese Cabinet wins vote of confidence from Parliament
Middle East
February 12, 2020
Lebanese Cabinet wins vote of confidence from Parliament
BEIRUT (AP) — Lebanon’s new Cabinet won a vote of confidence from Parliament on Tuesday, paving the way for it…
Bail-in or bail-out? Lebanese banks in need of rescue as crisis bites
Middle East
February 11, 2020
Bail-in or bail-out? Lebanese banks in need of rescue as crisis bites
LONDON (Reuters) – The worst is yet to come for Lebanon’s banks. The old-style way of running the economy –…
Exclusive: Draft of Lebanese financial rescue plan promises ‘painful’ steps
Middle East
February 3, 2020
Exclusive: Draft of Lebanese financial rescue plan promises ‘painful’ steps
BEIRUT (Reuters) – Lebanon’s new government will look to reduce interest rates and recapitalise banks as part of a broad…
Lebanon parliament passes 2020 budget amidst financial crisis
Middle East
January 27, 2020
Lebanon parliament passes 2020 budget amidst financial crisis
BEIRUT (Reuters) – Lebanon’s parliament passed the 2020 budget on Monday although its budget and finance committee chief said the…