Press Today

Can new Cabinet revive Lebanese economy?

After three months of political paralysis, Lebanon has finally formed a government under Prime Minister Hassan Diab. Now comes the task of saving the country from a biting financial crisis and winning over investors and foreign donors.Lebanon’s public debt burden, equivalent to around 150 percent of GDP, and its twin current account and fiscal deficits looked unsustainable even before anti-government protesters took to the streets three months ago.
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