The latest draft capital control law purports to impose formal rules on this unfair situation. Yet, in doing so, the bill would place the system’s management in entirely untrustworthy hands. Under the legislation, the nation’s rapacious politico-banking elites would have ample opportunities to twist capital controls to serve their narrow, selfish interests.
Reckless profiteering and the banking sector’s insolvency demand a bold deposit recovery plan to restore financial integrity in Lebanon.
An investigation by Badil reveals previously unknown details of Lebanon’s Eurobond default and how the banking sector manipulated it to facilitate billions of dollars in foreign transfers.
Announced in February 2022, a World Bank-sponsored redevelopment plan could finally turn Beirut Port into both an economic powerhouse and vibrant community space. Unfortunately, early signs suggest that the proposed planning and regulatory reforms risk entrenching the same corrupt management and practices that brought the port to its current nadir.
Explore our infographic on the interconnections and vested interests among the players vying to control LibanPost.
Pro-Palestinian and Pro-Israeli Sympathies in the United States.
Reform of state-owned enterprises is both possible and necessary, starting with electricity and telecoms. Read the full paper.
A guide for recovering the lifesavings of Lebanese depositors. Read full article
Will Mansouri succeed where Salameh deliberately failed? Read full article
