financial crisis

Lebanon hopes debt talks could be wrapped up within nine months: minister
Middle East

Lebanon hopes debt talks could be wrapped up within nine months: minister

BEIRUT (Reuters) – Negotiations to restructure Lebanon’s foreign currency debt should not last more than nine months if well-intentioned, the…
Lebanon in ‘final hours before’ declaring it cannot pay its debts: senior MP
Middle East

Lebanon in ‘final hours before’ declaring it cannot pay its debts: senior MP

BEIRUT (Reuters) – Lebanon is in “the final hours before” formally announcing it cannot pay its debts, senior MP Alain…
‘Now we have corona’: Cash-strapped Lebanon navigates new crisis
Middle East

‘Now we have corona’: Cash-strapped Lebanon navigates new crisis

BEIRUT (Reuters) – Lebanon’s crippling financial crisis could pose a grave threat to managing a coronavirus outbreak that has so…
IMF deal seen as only way out for Lebanon
Middle East

IMF deal seen as only way out for Lebanon

BEIRUT (Reuters) — The Lebanese government must swallow its misgivings and reach a rescue deal with the International Monetary Fund…
IMF experts meet Lebanese PM at start of visit
Middle East

IMF experts meet Lebanese PM at start of visit

BEIRUT (Reuters) – A team of IMF experts met Prime Minister Hassan Diab on Thursday at the start of a…
Lebanon finances point to debt restructuring: Fitch Ratings
Middle East

Lebanon finances point to debt restructuring: Fitch Ratings

BEIRUT (AP) — Lebanon’s financial situation points to a likely restructuring of the country’s massive debt and financial sector to…
Lebanon weighs defaulting or paying Eurobond next month
Middle East

Lebanon weighs defaulting or paying Eurobond next month

BEIRUT (AP) — Lebanon’s finance minister said Thursday the country’s new government is weighing whether to pay or default on…
Lebanese Cabinet wins vote of confidence from Parliament
Middle East

Lebanese Cabinet wins vote of confidence from Parliament

BEIRUT (AP) — Lebanon’s new Cabinet won a vote of confidence from Parliament on Tuesday, paving the way for it…
Bail-in or bail-out? Lebanese banks in need of rescue as crisis bites
Middle East

Bail-in or bail-out? Lebanese banks in need of rescue as crisis bites

LONDON (Reuters) – The worst is yet to come for Lebanon’s banks. The old-style way of running the economy –…
Exclusive: Draft of Lebanese financial rescue plan promises ‘painful’ steps
Middle East

Exclusive: Draft of Lebanese financial rescue plan promises ‘painful’ steps

BEIRUT (Reuters) – Lebanon’s new government will look to reduce interest rates and recapitalise banks as part of a broad…
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