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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
Apr 27, 2022
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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
Apr 26, 2022
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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
Apr 08, 2022
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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
Mar 31, 2022
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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
Feb 25, 2022
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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
Dec 29, 2021
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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
Sep 14, 2021
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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
Aug 30, 2021
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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
Aug 20, 2021
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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
Jul 01, 2022
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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
Jun 30, 2022
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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
Jun 29, 2022
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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
Jun 23, 2022
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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
Jun 23, 2022
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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
Jun 21, 2022
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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
Jun 18, 2022
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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.
Jun 09, 2022
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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
Jun 06, 2022
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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
Jun 05, 2022
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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
Jun 05, 2022
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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
May 31, 2022
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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
May 26, 2022
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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
May 24, 2022
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Lebanese government passes reform plan before end of mandate
The plan is part of the government's attempt to adhere to stringent IMF demands
May 21, 2022
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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
May 21, 2022
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Lebanon unemployment rate triples: Survey
A UN agency said the informal economy accounted for around 30 percent of employment
May 12, 2022
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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
May 12, 2022
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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'
May 11, 2022
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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
May 07, 2022
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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.
May 02, 2022
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