East Mediterranean


Lebanon’s corrupt and inefficient government has long hindered development. The new government is talking a good game – particularly on powergen – but real reforms are needed to right the ship.

State of Play

Lebanon is dreaming of gas riches with a Total-led consortium set to drill in 2019. However the country faces more pressing concerns. Donors contributed $12bn at April’s Cedre conference in Paris, in hope to benefit Lebanon's creaky infrastructure and troubled economy. But the government does have to first overcome widespread corruption.

2019 In Numbers
Peak Load 2.1 GW
GDP 56.7 $bn
Growth 1 %GDP
Debt 85.4 $bn
Debt to GDP 149 %
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Lebanon Has Imported Just 16,000 B/D Of Fuel Oil Since April Causing Mass Blackouts...

The Lebanese Pound Is Trading At A Record LBP 7,000 - $1 After Slipping From The LBP 1,500 - $1 Peg In August 2019

Lebanon's Current Account Deficit ($Bn) Has Ballooned. Inflows From Remittances, Tourism And FDI Have Flatlined Whilst Spending On Imports Has Continued To Grow

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