The end game to Lebanon’s woes: IMF reform and political willingness

Leila Dagher (leiladagher@gmail.com) and Sumru Altug

MPRA Paper from University Library of Munich, Germany

Abstract: The Lebanese economic crisis which began in 2019 has been described by the World Bank as one of the top three most severe crises globally since 1850. We discuss the events leading to Lebanon’s ongoing economic crisis and the reasons behind the government’s failure to reach an agreement with the International Monetary Fund to halt the downward spiral of the economy and promote recovery. The crisis’ link to the political makeup of ruling coalitions makes it such that any solution to it lies in cutting the knots that bind political and economic interests in Lebanon.

Keywords: Lebanon; IMF; crisis (search for similar items in EconPapers)
JEL-codes: F35 F5 (search for similar items in EconPapers)
Date: 2023
New Economics Papers: this item is included in nep-ara
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:119192

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