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  • Author: Jessica Obeid
  • Publication Date: 03-2020
  • Content Type: Commentary and Analysis
  • Institution: Italian Institute for International Political Studies (ISPI)
  • Abstract: Lebanon defaulted on its debt for the first time in the country’s history. Many factors have contributed to this economic and fiscal crisis, but at the heart of them is the electricity sector, accountable for more than $39.5 billion, equivalent to 43 percent of the public debt, and embodying the core structural issues of Lebanon; a non-functioning confessional system built on the foundation of vested interests.
  • Topic: Debt, Infrastructure, Financial Crisis, Economy, Electricity
  • Political Geography: Middle East, Lebanon
  • Author: Marina Calculli
  • Publication Date: 03-2020
  • Content Type: Commentary and Analysis
  • Institution: Italian Institute for International Political Studies (ISPI)
  • Abstract: Lebanon’s sovereign default comes at a heavy price for Hezbollah. This is not simply because of Hezbollah’s powerful role within the government that failed to repay a $1.2 bn bond on 10 March 2020. This is mainly because Hezbollah’s rivals are likely to use the current financial crisis to impose an external authority over Lebanon and increase pressure on the ‘Party of God’ to disband its armed wing.
  • Topic: Security, Financial Crisis, Economy, Hezbollah
  • Political Geography: Middle East, Lebanon
  • Author: Joel Parker
  • Publication Date: 06-2020
  • Content Type: Commentary and Analysis
  • Institution: Moshe Dayan Center for Middle Eastern and African Studies
  • Abstract: In our June issue of Iqtisadi, Joel D. Parker examines the connection between the economic crises in Lebanon and Syria in light of new sanctions imposed by the United States.
  • Topic: Sanctions, Economy, Syrian War, COVID-19
  • Political Geography: Middle East, Lebanon, Syria, North America, United States of America