In the dusk of neoliberalism, a new narrative is needed to untangle the moral and political trade-offs of our times. Piergiuseppe Fortunato* On May 4th 1979, Margaret Thatcher entered 10 Downing Street in London as a British prime minister. The time had finally come to put into practice her political …
Read More »
Egypt Today The Lebanese Deputy Prime Minister Saada al-Shami announced “the bankruptcy of the state and the Central Bank of Lebanon.” on Monday. “Losses would be distributed on the state, the Banque Du Liban, other banks and depositors. Negotiations are currently underway between the Lebanese government and the International Monetary …
Read More »
Doaa Moneim – Ahram Online “Egypt has officially requested support from the International Monetary Fund (IMF) to implement the country’s comprehensive economic program, amid the ongoing global challenges”, the IMF announced on Wednesday. “The rapidly changing global environment and spill overs related to the war in Ukraine are posing important …
Read More »
Egypt Independent The Lebanese government began budget discussions for the first time in over three months at the presidential palace in Beirut on Monday. Ministers probed ways to control the country’s worst economic crisis in history. The meeting was held after the powerful Hezbollah and its main Shiite ally ‘Amal …
Read More »
Ahram Online “Lebanon’s mandatory reserves are down to $12.5 Billion, which is only enough to finance subsidies on basic goods for another six months”, said Lebanon’s Central Bank Governor Riad Salameh on Tuesday. The mandatory reserves stood at $32 Billion before the beginning of the economic crisis in 2019. “Lebanon’s …
Read More »
Mohamed al-Qazzaz – Ahram Online Discussing Egypt’s cooperation with Lebanon to solve the countries energy crisis and develop its economy, Al-Ahram Daily Newspaper interviewed Lebanese Prime Minister, Najib Mikati, during his first official visiti to Egypt on Thursday. First of all, how would you describe your visit to Egypt and …
Read More »
Egypt Today An agreement to support Egypt’s efforts in economically empowering women and enhancing their access to financing, close gender gaps in remuneration and investment was signed by the International Finance Corporation (IFC) and the National Council for Women (NCW) at the Ministry of International Cooperation, Wednesday. Maya Morsy, President …
Read More »
Ahram Online “The central bank (Banque du Leban) would receive $1.135 Billion in Special Drawing Rights (SDRs) from the International Monetary Fund, a much needed funding, which will ease the country’s economic crisis”, the Lebanese Ministry of Finance announced on Monday. “The new allocation of the IMF’s reserve fund came …
Read More »
As the country enters treacherous territory, it must prioritise measures that arrest economic and institutional collapse to avert a far worse crisis. Amer Bisat* Lebanon’s economic crisis is almost two years old, and the country has entered treacherous territory. While an ambitious economic reform plan is still the best path out of …
Read More »
Egypt Today The International Monetary Fund (IMF) has suspended Afghanistan’s access to its resources due to uncertainty over the recognition of its government following the Taliban’s control of Kabul, the Cowra Guardian reported on Thursday. “As is always the case, the IMF is guided by the views of the international …
Read More »
