9 Items

Anti-government demonstrators burn tires to block a road in Beirut on Tuesday.

(Bilal Hussein/AP)

Analysis & Opinions - The Washington Post

Why do foreign donors face a tough choice in dealing with Lebanon’s economic crisis?

| July 29, 2020

Lebanon is facing its gravest economic and political crisis since the end of civil war in 1990 — and the situation was already dire before the pandemic hit. In early March, the country defaulted on $1.2 billion in foreign debt, the resulting free-fall of the Lebanese lira adding to a deep financial crisis.

Lebanese soldiers secure a bank, after the anti-government protesters try to destroy banks windows during a protest against the Lebanese central bank's governor Riad Salameh and against the deepening financial crisis, at Hamra trade street, in Beirut, Lebanon.

(AP Photo/Hussein Malla)

Journal Article - Lebanese Center for Policy Studies

Public Resource Allocation in Lebanon: How Uncompetitive is CDR’s Procurement Process?

| July 23, 2020

Lebanon is facing unprecedented intertwined crises: Its banking sector is largely insolvent, its currency has significantly depreciated, and its debt is unsustainable. Lurking behind this is the country’s ailing and neglected infrastructure, which is essential to kick-start economic growth. Poor quality of roads, limited access to water, and chronic power shortages have cemented Lebanon’s ranking among the worst in overall quality of infrastructure compared to countries with similar levels of economic development.

Sanctions oil

AP

Journal Article - Oxford University Press

Sanctions and export deflection: evidence from Iran

| Apr. 12, 2017

Do export sanctions cause export deflection? Data on Iranian non-oil exporters between January 2006 and June 2011 shows that two-thirds of these exports were deflected to non-sanctioning countries after sanctions were imposed in 2008, and that at this time aggregate exports actually increased. Exporting firms reduced prices and increased quantities when exporting to a new destination, however, and suffered welfare losses as a result.