Coronavirus pandemic: Can Lebanon afford a shutdown?
27 March 2020 |
3:24 pm
Lebanon is facing an unprecedented financial crisis, amid months of widespread public discontent. It's now confronted with the COVID-19 outbreak and its potential economic repercussions. Earlier in March, Lebanon failed to repay $1.2 billion in outstanding bonds. The country is also struggling to cope with dwindling foreign currency reserves and double-digit inflation. We speak to Dan Azzi, a former chairman of Standard Chartered Bank. He explains that the restrictions imposed around the world due to the
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