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Lebanon will struggle to turn loans into prosperity

Content type:: Expert Briefings
Location:: LEBANON
Keywords associated with this article:: Geographic: Lebanon ME/NAF France

Topical: economy politics aid balance of payments corruption debt election fiscal government growth infrastructure investment opposition foreign investment foreign policy party security
ISSN:: 2633-304X
Citation:: Oxford Analytica (2018), "Lebanon will struggle to turn loans into prosperity", Expert Briefings.
https://doi.org/10.1108/OXAN-DB232207

Thursday, April 19, 2018

Significance

Lebanon won aid pledges exceeding eleven billion dollars on April 6 during a conference in Paris, named CEDRE, that aimed to rally international support for a massive investment programme. The funds will be used to overhaul infrastructure and lift dwindling economic growth.

Impacts

Popular hopes for an economic upswing may help Hariri retain his premiership after the May 6 elections.
Direct involvement of the Saudi private and public sector in infrastructure development could seal the Beirut-Riyadh rapprochement.
Conflict between Israel and Lebanese Shia political-military movement Hezbollah would upend all reform plans and destroy the economy.

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Significance

Impacts

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