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.
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.
The IMF failed to bring growth and economic stability for almost every country it bailed out.
While economic research proved that remittances ease poverty, most studies failed to establish a causal relationship between them and economic growth.
Lebanese politicians have taken Syrian refugees as the scapegoat for all the political, economic, social & environmental turmoil that predate their arrival.
The debate on austerity measures is heating up, and the positions of different Lebanese political forces are questionable.
The ruling class, which has been in power for almost 30 years, is collectively responsible for the economy’s dire state of affairs. It should bear the costs of reforms and spare ordinary citizens.
The discussion revealed a general consensus on the state’s dysfunction and the persistent issue of a regime struggling since the Civil War.
To get a better understand these issues, we ought to carefully examine the 2017 state budget endorsed by the parliament in October.