East Mediterranean
Lebanon
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
%
| Peak Load | 2.1 | GW |
| GDP | 56.7 | $bn |
| Growth | 1 | %GDP |
| Debt | 85.4 | $bn |
| Debt to GDP | 149 | % |
7 Aug, 2020
Featured
Lebanon Explosion: Now For The Fallout
This week’s explosion at the Port of Beirut epitomizes the misgovernance and ineptitude that’s bled Lebanon dry. Immediate measures to mitigate the humanitarian fallout are essential, but calls are increasing for an ousting of the political elite.
Beirut’s Port Area
NEWS IN BRIEF
US Hits Hezbollah ‘Affiliates’
11 Sep, 2020
Iraq Sends Lebanon Fuel Aid
21 Aug, 2020
Lebanon: Protests, Resignations, Chaos
14 Aug, 2020
Lebanon To Halt Debt Repayments
27 Mar, 2020
Lebanon Defaults On Debt
13 Mar, 2020
Moody’s Downgrades Lebanon
8 Nov, 2019
Lebanon Currency Crisis
27 Sep, 2019
Lebanon Awards Drillship Contract
30 Aug, 2019
SELECTED DATA
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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