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Tom Perry

Lebanese food aid drive underlines pain of economic collapse

01 Jun 2020

BEIRUT As Lebanon's debilitating economic crisis drags on, Lebanese whose living standards have plunged are relying more and more on a growing support system of charities and private initiatives to fend off hunger.

Lebanon has scant chance of getting IMF aid, opposition figure says

29 May 2020

BEIRUT Lebanon has scant chance of securing badly needed aid from the International Monetary Fund as the government fails to enact reforms demanded by donors to address its financial crisis, opposition politician Samir Geagea said on Friday.

Lebanon has scant chance of getting IMF aid, opposition figure says

29 May 2020

BEIRUT, May 29 Lebanon has scant chance of securing badly needed aid from the International Monetary Fund as the government fails to enact reforms demanded by donors to address its financial crisis, opposition politician Samir Geagea said on Friday.

Lebanon at risk of a major food crisis: PM sounds alarm

21 May 2020

BEIRUT Lebanon's financial meltdown could tip the country into a full-blown food crisis, as people hit by soaring prices and the fallout of COVID-19 become unable to afford even basics like bread, the prime minister warned.

Lebanon seeks foreign government-backed financing for power plants after default

20 May 2020

BEIRUT Lebanon has turned to global power plant manufacturers including General Electric to arrange financing to build badly needed electricity capacity, hoping favourable terms can be agreed with help from their governments.

Lebanon's besieged banks scramble to avoid near total wipeout

06 May 2020

LONDON/BEIRUT, May 6 Only a handful of Lebanese lenders are expected to emerge from an economic rescue plan that many banks, who are among the government's biggest creditors, oppose because it would wipe out $20.6 billion in shareholder capital.

Exclusive: Lebanese banks draft national rescue plan that keeps some of their capital

05 May 2020

BEIRUT Lebanese banks are working on a national financial rescue plan that would preserve some of their capital rather than writing it all off as outlined in a government programme, the banking association head said on Tuesday.

As Lebanon's crisis deepens, politicians trade blame

30 Apr 2020

BEIRUT Lebanese politicians who have led their country into financial disaster are squabbling over who is to blame, stirring up old rivalries that may spell even deeper trouble ahead. | Video

Lebanon's Hariri attacks government over draft economic plan

10 Apr 2020

BEIRUT Former Lebanese prime minister Saad al-Hariri on Friday criticised the government over a draft programme for tackling a major financial crisis, saying it appeared on course for an "economic suicide plan".

UPDATE 2-Lebanon draft crisis plan sees need for $10 bln-$15 bln and depositor contribution

08 Apr 2020

* It says contribution from large depositors also needed (Adds government meeting on Wednesday)

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