Munich Personal RePEc Archive

The end game to Lebanon’s woes: IMF reform and political willingness

dagher, leila and altug, sumru (2023): The end game to Lebanon’s woes: IMF reform and political willingness. Published in: Georgetown Journal of International Affairs (10 November 2023)

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The Lebanese economic crisis which began in 2019 has been described by the World Bank as one of the top three most severe crises globally since 1850. We discuss the events leading to Lebanon’s ongoing economic crisis and the reasons behind the government’s failure to reach an agreement with the International Monetary Fund to halt the downward spiral of the economy and promote recovery. The crisis’ link to the political makeup of ruling coalitions makes it such that any solution to it lies in cutting the knots that bind political and economic interests in Lebanon.

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