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Economy

Anti-government protesters break the window of a bank in Beirut. January 2020. (Marwan Tahtah / AFP / Asia Times)
Samer Talhouk

How the Lebanese economy came crashing

Lebanon’s economy is at its worst since the Civil War, and politicians have made sure that the financial model that made it this way benefits them.
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An employee wearing a protective mask near the ward where the first coronavirus case in Lebanon is being treated, at the Rafik Hariri University Hospital. (AFP / Arab News)
Antonia Williams

Coronavirus, hospital fees, and medicine shortage: Lebanon’s healthcare sector under threat

Is the Lebanese medical field prepared for both coronavirus and the ongoing economic crisis?
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IMF logo
Laudy Issa

IMF aid to Lebanon unlikely to come in anytime soon, says source

Getting an IMF loan is complicated. Lebanese officials need other solutions for the upcoming $1.2 billion due, said a source close to the IMF.
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Samer Talhouk

Diab’s “painful measures” are not necessary, they’re a political choice

The expertise of a "technocratic" government is being used by politicians to pass new austerity measures that serve banks at the expense of the people.
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IMF abstract header by Laudy Issa
Samer Talhouk

An IMF bailout would wreak havoc on Lebanon’s economy

The IMF failed to bring growth and economic stability for almost every country it bailed out.
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Internet in Lebanon
Beirut Today

Lebanon’s internet threatened to disconnect

As the economic crisis worsens, Lebanon stands to lose essential services like internet and electricity. The dollar liquidity crisis has brought protesters back to the streets, where internal security forces are violently trying to push them out. Video by Tariq Keblaoui...
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Former Nissan chairman Carlos Ghosn gestures during a news conference at the Lebanese Press Syndicate in Beirut, Lebanon January 8, 2020. (PHOTO: REUTERS/Mohamed Azakir)
Antonia Williams

Ghosn details “injustice” in first appearance, authorities react

“I am here to clear my name.”
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Protesters gather near Central Bank on December 30, 2019. (Farah Baba) Banks
Karim Safieddine

Collapse on Who: Unjust bank procedures face resistance

Protesters are fighting back against the collusion of Central Bank and the Lebanese authorities with bankers at the expense of the majority of the population.
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Jad Chaaban

Why Aren’t Lebanese Banks Giving You Back Your Money?

The Central Bank and the Association of Banks have a major historical responsibility to protect depositors and provide transparent regulations going forward.
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During the protests, several University professors gave their classes on the streets. On the Jbeil highway, Dr. Sharif Abdunnur, media ethics professor in LAU and AUT, gives an open class lecture and discussion on the importance of a technocratic government. (Eva Mahfouz)
Samer Talhouk

The protesters want to end the sectarian system: Our future economy should cater to their demands

Remedying the drawbacks of our current sectarian system should be the basis upon which we build up our post-revolution economy. 
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Beirut Today

Beit El Baraka gives free food, shelter, and medicine to Lebanese retirees

With Beit El Baraka, Lebanese retirees in financial distress can eat and live with dignity. Video by Lujain Jo...
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Passengers before going through security checks at Beirut's airport. (AFP/Alarabiya)
Samer Talhouk

Rethinking the role of remittances inflows in the Lebanese Economy

While economic research proved that remittances ease poverty, most studies failed to establish a causal relationship between them and economic growth. 
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