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.
|Debt to GDP||149||%|
20 Dec, 2019
Banking crisis, currency meltdown, potential default, political ‘revolution’: Lebanon is arguably in its worst shape since the civil war ended 30 years ago. 2020 is unlikely to bring any meaningful ways out of the mess. It will take more than the prospect of gas discoveries to ease the gloom.
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