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The end game to Lebanon’s woes: IMF reform and political willingness

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  • dagher, leila
  • altug, sumru

Abstract

The Lebanese economic crisis which began in 2019 has been described by the World Bank as one of the top three most severe crises globally since 1850. We discuss the events leading to Lebanon’s ongoing economic crisis and the reasons behind the government’s failure to reach an agreement with the International Monetary Fund to halt the downward spiral of the economy and promote recovery. The crisis’ link to the political makeup of ruling coalitions makes it such that any solution to it lies in cutting the knots that bind political and economic interests in Lebanon.

Suggested Citation

  • dagher, leila & altug, sumru, 2023. "The end game to Lebanon’s woes: IMF reform and political willingness," MPRA Paper 119192, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:119192
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    File URL: https://mpra.ub.uni-muenchen.de/119192/1/MPRA_paper_119192.pdf
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    References listed on IDEAS

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    1. Dagher, Leila & Jamali, Ibrahim & Abi Younes, Oussama, 2023. "Extreme energy poverty: The aftermath of Lebanon’s economic collapse," Energy Policy, Elsevier, vol. 183(C).
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    Cited by:

    1. dagher, leila & Nassar, fadi nicolas, 2023. "Lessons Learned from the Beirut Port Explosion," MPRA Paper 119404, University Library of Munich, Germany.

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    More about this item

    Keywords

    Lebanon; IMF; crisis;
    All these keywords.

    JEL classification:

    • F35 - International Economics - - International Finance - - - Foreign Aid
    • F5 - International Economics - - International Relations, National Security, and International Political Economy

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