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One of the most indebted countries in the world, Lebanon is burdened by a public debt equivalent to more than 170 percent of GDP.

Hezbollah is deploying some 25,000 people and establishing new hospitals to help contain Lebanon's COVID-19 outbreak.

Lebanon to stop paying outstanding <em>Eurobonds</em>

The New Arab & agencies

Lebanon to stop paying outstanding Eurobonds

Lebanon has been hit by a currency crisis and now coronavirus.

Lebanon to default on Eurobond debt, says PM

The New Arab

Lebanon to default on Eurobond debt, says PM

Lebanon's prime minister said Saturday the government will suspend payment of $1.2 billion in loans, marking the crisis-hit country's first-ever ...

Lebanon officials greenlight first debt default

The New Arab & agencies

Lebanon officials greenlight first debt default

Lebanon, hit by a severe liquidity crunch and months of anti-government protests, is due to decide on Saturday whether it should pay a ...

The New Arab

Lebanon prosecutor grills bankers over capital flight

Banks have since September imposed increasingly tight limits on dollar withdrawals and transfers abroad as part of measures to tackle a severe liquidity crisis.

The New Arab

Lebanese no longer have confidence in state, PM admits

Lebanese authorities have lost the people's confidence, Prime Minister Hassan Diab admitted on Monday, as the country struggles to contain its ...

Karim Safieddine

Lebanon can save its economy, without the IMF's help

In-depth: Most experts agree that resorting once again to the IMF is a non-starter, as it would only prolong the same vicious cycle of austerity ...

Nizar Hassan

Lebanon should default on its debt now, here's why

Comment: There are good reasons for Lebanon to default and restructure its debt, writes Nizar Hassan.

Lebanon PM meets IMF delegation over spiralling economic crisis

The New Arab & agencies

Lebanon PM meets IMF delegation over spiralling economic crisis

Lebanon's debt burden had been among the largest in the world for some time but a liquidity crunch has brought the crisis home, with banks ...

The New Arab & agencies

Lebanon PM meets World Bank's private lending arm

Prime Minister Hassan Diab met on Tuesday a delegation from the International Finance Corporation in a bid to rescue Lebanon's moribund economy.

Lebanon banks encourage timely Eurobond payment

The New Arab

Lebanon banks encourage timely Eurobond payment

Lebanon is one of the world's most indebted countries, which has reached more than 150 percent of GDP.

Egypt borrows $22 billion in just two years

The New Arab

Egypt borrows $22 billion in just two years

Egypt borrowed $22 billion from international markets in the space of two years through issuance of Eurobonds.

Lebanon's economy is not collapsing...but it is a 'zombie'

Karim Traboulsi

Lebanon's economy is not collapsing...but it is a 'zombie'

Analysis: Reports of Lebanon's financial collapse are greatly exaggerated, according to Lebanese economist. But that could be somewhat bad news ...

Egypt: The debt crisis no one is talking about

Robert Springborg

Egypt: The debt crisis no one is talking about

Comment: Sisi may be hoping for a quiet bailout, but there are no quick fixes for Egypt's mammoth debt crisis, writes Robert Springborg.

Robert Springborg

Egypt ignores runaway borrowing at its own peril

Comment: Egypt is one of the largest debtors in the world. It must look to history to understand the repercussions of excessive debt, writes Robert Springborg.

The New Arab

IMF delegation in Cairo ahead of second loan installment

A delegation from the International Monetary Fund has arrived in Cairo to review Egypt's economic situation before doling out another huge loan ...

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