Lebanese bond yields had their biggest monthly jump in more than three years in July as the revolt in neighboring Syria hobbled tourism, the country’s largest foreign-exchange earner.
Lebanon Seeks $2 Billion in Eurobonds This Year, report
Finance Minister Mohammad Safadi said Lebanon plans to raise $2 billion in Eurobonds this year after borrowing costs of the most indebted Arab country dropped to a record. “We are now talking to the financial markets to get their advice on when is the best time”
Can the Lebanese Politicians Save the Economy?
By Ghassan Karam
Whenever a country is subjected to some turbulence; social political, economic or natural; its economic performance is bound to suffer. This has always been the case, all throughout history and it still is.
Kipp report: Lebanon’s grass not so green
A year ago it held us all captivated, but as other markets begin to recover Lebanon’s allure is not so strong. Kipp takes a look.
A sting in the tail
By Emma Cosgrove
In early December, Finance Minister Raya Hassan announced that Lebanon had successfully issued $500 million in Eurobonds in an effort to refinance the country’s staggering public debt.
Default Debt Indicators
By Ghassan Karam
The subject of national debt, its burden or its sustainability has always led to heated debates and recriminations determined by ones political views.
To Default Or Not To Default
By Ghassan Karam
There comes a point when an ever expanding level of debt and the ability to service it becomes unsustainable. It is our belief that the state of Lebanon has reached this stage.
Finance Ministry Needs To Come Clean
By Ghassan Karam
Reading the news accounts about the press conference held by Finance Minister Raya Hassan was a cause for bewilderment and even confusion.