Finding a way out of Lebanon’s crisis: the case for a comprehensive and equitable approach to debt restructuring – Alia Moubayed
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Finding a way out of Lebanon’s crisis: the case for a comprehensive and equitable approach to debt restructuring – Alia Moubayed
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Finding a way out of Lebanon’s crisis: the case for a comprehensive and equitable approach to debt restructuring”.
By Alia Moubayed and Gerard Zouein This paper advocates for an urgent comprehensive growth and fiscal adjustment program supported by the international donor community to deal with Lebanon’s dangerous economic and financial crisis while ensuring an equitable burden sharing of the losses.
At the heart of this program, a consolidated balance sheet approach is required for restructuring the country’s debt (both sovereign and Banque du Liban’s) and recapitalizing a right-sized banking sector while protecting small depositors. Using a model-based approach, the scenario analysis argues for taking Lebanon’s debt to GDP to sustainable levels (60-80% of GDP) over the next 10 years. For More Information,
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