Lebanon

Dollar shortages, debts and (in)formal capital controls in MENA

Summary: roughly a quarter of countries in the Arab League, including currently suspended member Syria, are suffering from currency depreciation, a US dollar shortage and rising debt levels. Issues are being compounded by surging inflation, while in some countries (in)formal capital controls and sanctions are impacting trade and debt repayments.

The 2022 Middle East and North Africa review

Sami Hamdi, the CEO of The International Interest, joins Arab Digest editor William Law for a wide-ranging, fast-paced and thought-provoking review of a tumultuous year for the MENA region as alliances shifted and fissures emerged with new tensions flaring up even as old ones eased. The podcast wraps up with Sami’s take on what to look for in 2023.

Lebanon: time to end the plunder

Arab Digest editor William Law’s guest this week is Lina Khatib, director of the Middle East and North Africa Programme at the London-based think tank Chatham House. Their conversation focusses on the political and business elites that are plundering Lebanon. Ordinary people are suffering huge deprivation, with 80% of the population now below the poverty line, as the economic crisis caused by the insatiable greed of the elites grows ever deeper.

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