Cash-Strapped Lebanon Isn’t Ready for the Coronavirus
Cash-Strapped Lebanon Isn’t Ready for the Coronavirus
Grappling with economic and political turmoil, Lebanon’s government is underequipped for a public health emergency.
Foreign Policy
Foreign Policy
Lebanon prosecutor grills bankers over capital flight
Lebanon prosecutor grills bankers over capital flight
Beirut (AFP) - A Lebanese prosecutor Monday grilled bankers over more than 2 billion dollars in capital flight in past months despite strict banking restrictions in the crisis-hit country, judicial sources said.
AFP
AFP
Hezbollah Hinders Roadmap on Lebanon’s Economy Recovery
Hezbollah Hinders Roadmap on Lebanon’s Economy Recovery
Hezbollah hindered on Sunday a roadmap to resolve Lebanon's economic crisis after the party’s deputy Hassan Fadlallah expressed his rejection to fall under the “tutelage of the International Monetary Fund.” The MP said that new measures should be announced in the coming two weeks, concerning the accounts of depositors in…
Asharq Al-Awsat
Asharq Al-Awsat
Opaque Oil-Backed Loans Could Fuel Next African Debt Crisis
The terms of new oil-backed loans that comprise a large share of Africa's debt are often opaque and hidden, a new report says.
Forbes
Forbes
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Lebanon Prosecutor Interrogates Bankers Over Capital Flight
A Lebanese prosecutor Monday questioned bankers over more than 2 billion dollars in capital flight in past months despite strict banking restrictions in the crisis-hit country, judicial sources said. Banks have since September imposed increasingly tight limits on dollar withdrawals and transfers abroad as part of measures to tackle a…
Asharq Al-Awsat
Asharq Al-Awsat
In Lebanon, migrant workers hit by financial crisis
Beirut (AFP) - Eighteen-year-old domestic worker Mary came to Lebanon to help support her family, but now a financial crisis is preventing her from sending money home to Ethiopia.
AFP
AFP