The economy continues to contract, albeit at a somewhat slower pace. Public finances improved in 2021, but only because spending collapsed faster than revenue generation. Testament to the continued atrophy of Lebanon’s economy, the Lebanese Pound continues to depreciate sharply. The sharp deterioration in the currency continues to drive surging inflation, in triple digits since July 2020, impacting the poor and vulnerable the most. An unprecedented...
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DETAILS
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2022/11/23
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Report
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177963
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1
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2022/11/28
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Disclosed
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Lebanon Economic Monitor : Time for an Equitable Banking Resolution - Executive Summary
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Citation
World Bank.
Lebanon Economic Monitor : Time for an Equitable Banking Resolution - Executive Summary (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/099504411282248638