List of all articles filed under “lebanon-economy” category.
The World Bank argues that countries with high levels of indebtedness, particularity Lebanon, remain significantly vulnerable because they have relatively high external financing needs and large current account deficits.
The current Lebanese government is trying to disassociate Lebanon from the regional conflicts and bring stability to the coutry in order to foster growth. Either way, Lebanese economy is different from the other economies, therefore it has to be analyzed in a different way. H.E. Nicolas Nahas thinks Lebanon has an interesting potential in long-term export.
In 2010, Lebanese economy is going to record the same growth as in 2009. Banking sector in Lebanon is the backbone of the economy and, due to strong Central bank policy adopted in 1992, it is not exposed to the global crisis.
In 2008, the first year of the Doha Agreement that signaled the end of internal violence, the economy grew by 8.5%, 9% in the following year, and is on course to grow 7% in 2010.
Today, Lebanon is still dominated by its banking sector, which comprises 35 percent of the economy. Lebanese banking is a home-grown industry, by which is meant that it is largely dominated by old families with a deep treasure chest of banking experience that guides them through both good times and bad.
We already have the laws we need for the private sector . The business sector is doing not so bad. Of course the ambition that Lebanon would be the financial center for the Middle East…
Politics in the middle east are turbulent and Lebanon is often pulled in all sorts of directions. Because Lebanon is rich with diversity this results in a noisy and difficult democracy that we have to navigate through without abandoning our principles.
This is the second cabinet that consists of 30 ministers that do represent all the religious communities in Lebanon.·
