Lebanon: The 3-Decade Impossible Power Sector Reforms

Author
Jessica Obeid
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