Category - Lebanon

Lebanon’s debt: Financed by many but benefits few

Despite the high risk associated with the growing public debt amidst the slow growth in the economy, the Lebanese government has managed to continue borrowing from local banks. How do local banks sustain the lending to the government? Who benefits...

Lebanon Trapped in a Vicious Debt Circle

As the Lebanese government continues to spend more than it earns, it is forced to borrow to cover its extra spending. The damage created by the civil war, large transfers to cover losses of the public electricity company Electricite du Liban (EdL)...