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Lebanon at Risk: The Uncertain Road from A Debt Overhang to A New Growth Path

Author

Listed:
  • Ishac Diwan

    (Finance for Development Lab, Paris School of Economics)

  • Henri Chaoul

Abstract

This paper provides an account of the 2019 financial crisis in Lebanon. It then analyzes a series of related questions. First, it considers the historical background and asks how the crisis could have been averted. Second, it reviews post-crises economic developments and attempts to explore the reasons behind their severity. Third, it reviews the policy recommendations suggested to exit the crisis and examines whether they need to be updated in view of recent developments. Fourth, it offers a vision of a new growth path for Lebanon and examines the implications of a recovery strategy. Finally, it discusses a revised donors’ strategy better adapted to the current circumstances.

Suggested Citation

  • Ishac Diwan & Henri Chaoul, 2023. "Lebanon at Risk: The Uncertain Road from A Debt Overhang to A New Growth Path," Working Papers 1645, Economic Research Forum, revised 20 Aug 2023.
    • Handle: RePEc:erg:wpaper:1645
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    References listed on IDEAS

    as
    1. Sami Atallah & Ilina Srour, 2014. "The Emergence of Highly Sophisticated Lebanese Exports in the Absence of an Industrial Policy," Working Papers 876, Economic Research Forum, revised Nov 2014.
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    Cited by:

    1. Diwan, Ishac, 2025. "On the Way Out of Lebanon's Triple Crisis," FDL Policy Notes 2518, CEPREMAP.

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