External Debt in Lebanon
Lebanon - External Debt
Economic conditions remain challenging. During the first four months of 2022, the private-sector PMI was in contractionary territory—while remaining higher than the average reading for 2021—and inflation averaged over 200%. Moreover, the war in Ukraine is hitting an already strained food supply, as the vast majority of wheat imported into Lebanon before the war came from Ukraine. The recent approval of a USD 150 million World Bank loan will only go part way to ensuring short-term food security. Meanwhile, general elections were held in mid-May. Hezbollah and its allies lost their parliamentary majority, with over a dozen anti-establishment candidates elected and the Lebanese Forces emerging as the largest party. A fractured parliament and the confessional power-sharing arrangement mean that the appointment of a new prime minister and president will take time, delaying the arrival of IMF support.Lebanon - External Debt Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| External Debt (% of GDP) | 135 | 138 | 139 | 140 | - |
Lebanon Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 1,513 | 0.0 % | Dec 31 |
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Economic News
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Lebanon: Lebanon sinks deeper into the economic abyss as IMF talks stall
June 22, 2020
Economic conditions have deteriorated significantly in recent months amid spiraling inflation, the Covid-19 pandemic and sociopolitical instability, after the country defaulted on its debt for the first time ever in March.
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