Lebanon IMF deal could derail due to deadlock with banks

Banks have said that the state should privatize public assets to foot the bill for the losses

US behind IMF refusal to finance energy imports for Lebanon: Hezbollah official

Despite the plan to import energy from Egypt and Jordan via Syria having been brokered by Washington, US officials have so far failed to issue the necessary sanctions waiver

Lebanon reaches agreement on reform plan with IMF

The reforms include a complete restructuring of the banking sector and the stabilization of currency exchange rates

IMF sets final conditions for Lebanon grant

The IMF says that this is Lebanon's last chance and expects written guarantees that the government will adhere to its stringent demands

IMF sets tough conditions for Lebanon bailout package: Report

Many believe that the Lebanese government is not likely to meet the conditions set by the IMF

Lebanese PM Mikati says talks with IMF nearing draft deal

Talks in the previous year stalled due to differences between the policies of government and those of the banks

Lebanon’s Central Bank to undergo forensic audit as new government hopes to resume IMF talks

The audit comes as the Central Bank's Governor faces embezzlement and graft charges in both France and Switzerland

Yemeni FM condemns IMF decision to disburse $665 million to ousted authorities

The Saudi-backed parallel administration in Aden will receive hundreds of millions in COVID-19 relief funds

IMF blocks Afghanistan from receiving $460 million in COVID-19 aid

The organization alleges that “lack of clarity” over who governs Afghanistan led to the decision

Qatar pledges $60 million for Lebanese Army

Discontent has grown among Lebanon's army ranks due to salaries being worth less than $100 per month

Qatari FM in Lebanon ahead of Arab League meeting in Beirut

Qatar previously pledged to support the Lebanese economy on condition that the state form a new government

Lebanon PM-designate Mikati submits draft cabinet line-up to President Aoun

Lebanon’s multiple crises have seen over 80 percent of the population plunge below the poverty line, a currency loss of over 95 percent of its value, and widespread fuel shortages

Billionaire Najib Mikati named Lebanese PM for the fourth time

Mikati will now be tasked with forming a new government, a process experts believe will take weeks, if not months

Lebanese president launches consultations to elect prime minister

Hezbollah and Amal have announced their support for current PM Najib Mikati, as several other political forces decide not to name anyone for the post

Energy import agreement signed by Lebanon, Egypt, and Syria

Gas from Egypt cannot flow into Lebanese power plants from Syria without World Bank funding, or a sanctions waiver from the US, neither of which have been fully guaranteed

Lebanon to sign gas deal with Egypt without US sanctions waiver

Despite the plan to import energy from Jordan and Egypt being brokered by the US, Washington has sabotaged it by refusing to issue a sanctions waiver

Will the Global South break free from dollarized debt?

In his latest book, economist Michael Hudson pits socialism against finance capitalism and tears apart the 'dream civilization' imposed by the 1 percent.

Hezbollah ready to defend Lebanon’s natural resources: Official

Any defensive action hinges on the government defining Lebanon's maritime borders in US-led negotiations

European gas extraction ship in disputed waters a ‘hostile act’: Lebanon officials

President Michel Aoun has said that negotiations to demarcate maritime borders are still ongoing

Newly-elected Lebanon MP calls for sanctions on his own country

Twitter users reacted in anger to MP Mark Daou's call for sanctions on his own crisis-ridden, poverty-stricken country

Nabih Berri re-elected as Lebanon’s parliament speaker for seventh consecutive time

The head of the Amal Movement won the post by a single vote, a far cry from the 2018 election, when he was elected with 98 votes

Lebanese currency hits all-time low as healthcare workers, bakers strike

Since 2019, Lebanon has been experiencing the world's worst economic crisis in 150 years, according to the World Bank

Lebanese banking association opposes financial recovery plan

The announcement comes on the same day that the Lebanese currency hit a record high of 33,500 liras per one US dollar

Lebanese government passes reform plan before end of mandate

The plan is part of the government's attempt to adhere to stringent IMF demands

Lebanon must drill for energy resources to halt crisis: Hezbollah leader

The resistance leader called for all political groups in Lebanon to cooperate with the aim of overcoming the crisis

Lebanon unemployment rate triples: Survey

A UN agency said the informal economy accounted for around 30 percent of employment

Brother of Lebanon’s central bank governor released on $3.7 million bail

The Salameh brothers have been accused of money laundering and illicit enrichment, while the UN has accused the Lebanese central bank of human rights violations

Lebanese Central Bank guilty of human rights violations: UN

UN officials have lambasted Lebanon for 'appalling levels of wealth concentration at the top, 'tax policies that favor evasion,' and for an 'inadequate social protection system'

Lebanese diaspora vote in general elections amid economic crisis

This marks the first election since a series of tragic domestic events, beginning with the 2019 economic collapse

West Asia’s economic savior is called ‘multipolarity’

The transition from a western economic order toward a multipolar one is ushering in unprecedented economic and security advancements for West Asia.