Lebanon Businessnews News
 
Economy

$465 million spent to help
refugees and the vulnerable
Assistance provided under Crisis Response Plan to face impact of Syrian war
Economy

Hosting Syrian refugees
costs $1.5 billion per year
World Bank will present its assessment to donors
Economy

UN projects GDP growth
reaching 1.7 percent in 2024
Report estimates flat performance in 2023
Economy

Remittances are stable
for third consecutive year
Estimated at $6.4 billion, remain vital for the medium term
Economy

All offshore gas blocks
are open for exploration
Bidding announced for the remaining nine licenses
Economy

World Bank says GDP
to shrink due to Gaza war
Earlier prediction of modest
GDP growth now reversed into contraction
Economy

Gaza war adds 26,000
to the poor in Lebanon
Effect on schools, infrastructure, and tourism
Economy

IMF: Gov’t lacks progress
Minister of Finance agrees
Concern over decline in deposits and hampering credit provision
Economy

$200 million from World Bank
to support farmers and SMEs
Access to finance, capacity building, and improving services
Economy

UNDP: Remittances must
be directed to development
Crisis turns inbound transfers into a safety net
Economy

Barely avoiding Grey List
through a year grace period
FATF gives Lebanon a reprieve to reform
Economy

Cash economy at $10 billion
as per World Bank estimation
“Only a few winners and a majority of losers,” says report
Economy

Minimum wage doubled
and transportation increased
Equivalent to $84 per month
down from $450 pre-crisis
Economy

IMF: Economy has stabilized
but reforms are too slow
To revisit $3 billion funding level
Economy

Balance of payments deficit
up 63 percent at $3.2 billion
Deterioration caused
by resurgence of imports
Economy

GDP is growing again
according to UN report
Economy up by 5.7 percent in 2022,
forecasted to expand by 4.6 percent in 2023
Economy

Property sales drop
in numbers and value
First downturn since 2019
Economy

IMF identifies policy reforms
to stop tax revenue drainage
The fund calls for a new income tax law
Economy

Airport passengers
up 50 percent to 6.3 million
Highest traffic recorded
in summer and December
Economy

Local Economic Development
enables economic recovery
Kevork Baboyan
UNDP Senior Local Economic Development Officer
Economy
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