financial crisis

A Lebanese judge will lift a travel ban imposed on the country’s embattled central bank chief, who has been summoned for a hearing in Paris next month, two judicial officials said Wednesday. Riad Salameh is part of a political class…
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The US Assistant Secretary of State for Near Eastern Affairs Barbara Leaf met several Lebanese officials on Friday, following depositors’ protests against Lebanon’s central bank and other lenders in Beirut. Accompanied by Dorothy Shea,…
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“Lebanon is in a very dangerous situation,” the International Monetary Fund warned on Thursday, a year after authorities in the country committed to a program of reforms they have failed to implement. The financial agency urged “the…
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Startup-focused lender SVB Financial Group became the largest bank failure since the financial crisis on Friday, in a sudden collapse that roiled global markets and stranded billions of dollars belonging to companies and investors.…
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The UN’s refugee chief has appealed for financial aid to help Palestinian refugees and end a worsening crisis at his agency during a meeting with Arab League officials in Cairo. Philippe Lazzarini, the commissioner-general of UNRWA, told…
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The financial crisis in Lebanon could be resolved within five to 10 years if a “well thought out program” is implemented that takes care of small depositors, addresses the needs of medium-sized ones and brings big depositors on board as…
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Amid arduous negotiations during which Lebanon seeks to obtain a loan from the International Monetary Fund to overcome its financial crisis, the Lebanese government has reached a preliminary agreement with the Fund regarding a $3 billion…
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Lebanon’s debt-ridden government expects a 20.8 percent deficit for the coming year, according to a draft budget released on Jan 21. The plan, seen by Reuters, will see ministers put forward a long-term treasury advance to Electricité du…
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