Day: April 8, 2021
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Association of Banks in Lebanon (ABL)’s Response to the Release of the Government’s Financial Recovery Plan
On April 30, 2020, Lebanon’s new Prime Minister Hassan Diab revealed the economic recovery plan, which has been crafted keeping in mind the financial crisis the country is reeling under currently. As a pre-condition for assistance, the IMF (International Monetary Fund) insisted that Lebanon needs to have a recovery plan ready. With the release of…
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Rising Income Inequality in Lebanon
While Lebanon’s civil war came to an end way back in the 1990s, the situation doesn’t seem to have improved – at least on the financial front. Rapidly expanding public debt has led to an ever-increasing socio-economic disparity in the country and this grave issue now threatens the country’s stability. Only when you look at…