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Palestinians: Sunni Arab countries are making peace with Israel, why aren't you?

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In addition, it projects that privatization will bring new savings as government payrolls are pared, interest rates decline, and private sector growth and foreign investment are stimulated.

The government also is tackling the daunting task of administrative reform, aiming to bring in qualified technocrats to address ambitious economic programs, and reviewing further savings that can be realized through reforms of the income tax system.

The Lebanese Government faces major challenges in order to meet the requirements of a fiscal adjustment program focusing on tax reforms and modernization, expenditure rationalization, privatization, and improved debt management.

The U. More than offices representing U. Since the lifting of the passport restriction in see below , a number of large U.

Mexico has also many enterprises run by ethnic Lebanese, such as Carlos Slim 's Telmex. Solidere shares are the most actively traded in the Beirut Stock Exchange.

Most unions went ahead with the strike except the general workers union. Others criticized the raises altogether citing that it would burden small business that might end up closing altogether, those critics were mainly opposition politicians.

This is a chart of trend of gross domestic product of Lebanon at market prices estimated by the International Monetary Fund with figures in millions of Lebanese pounds.

The following table shows the main economic indicators in — The already battered economy of Lebanon suffered fresh blow with the port blast on August 4, After the civil war, the Lebanese government resorted to massive borrowing to finance its post-war restructuring.

The yearly growth of Gross Debt between and was percent and between and was percent. This high debt has caused Lebanon to spend a big chunk of its revenues in debt servicing, on an average, close to 45 percent is spent by the government as interest payments.

But the stability of this fixed rate has been unstable due to the depreciating value of the Lira in the black market. This coupled with geopolitical tensions of the region, caused the Lira-Dollar peg rate to wither.

As a response, the central bank resorted to more borrowing and also issued a directive that required all money transfer offices to cash out transfers in the local currency, further exacerbating the dollar crunch.

After a devastating explosion in Beirut on 4th August that killed at least people, the government, headed by Prime Minister Hassan Diab , announced that his government was stepping down.

In his speech, Mr. According to reports, the financial troubles and political inaction had caused growing anger and frustration among people who began protesting in October last year.

Protesters demanded an end to corruption and the resignation of political leaders including the then Prime Minister Saad al-Hariri. This year, the newly formed government under Diab faced the same accusations of corruption.

The bank denied the allegations stating that its action was in par with the Code of Money and Credit. There have been incessant power cuts and some residents have been calling the blackouts worse than those witnessed in the civil war.

From Wikipedia, the free encyclopedia. This article needs to be updated. Please update this article to reflect recent events or newly available information.

April Beirut Central District. Fiscal year. Inflation CPI. Population below poverty line. Gini coefficient. Human Development Index. Ease-of-doing-business rank.

China FDI stock. Current account. Gross external debt. Public debt. Budget balance. Credit rating. See also: History of Lebanon.

Main article: Corruption in Lebanon. Main articles: Coronavirus recession and Lebanon liquidity crisis.

Lebanon portal Economics portal. International Monetary Fund. Retrieved 29 September World Bank.

Retrieved 19 October Retrieved 28 April Retrieved 5 August Central Intelligence Agency. Retrieved 6 February Retrieved 11 December Retrieved 25 December Retrieved 23 January Retrieved 9 March Retrieved 17 February Retrieved 29 January Retrieved 14 October Retrieved 17 January Retrieved 22 August The World Factbook.

Archived from the original on 31 January Retrieved 31 December Archived from the original PDF on 4 June Center for the Study of the Built Environment.

Archived from the original on 20 January Retrieved 31 October Bank Audi. Archived from the original PDF on 23 November Lebanese Ministry of Finance.

Mayton 28 September Cyprus News. Archived from the original on 28 September Archived from the original on 20 October BBC News.

Retrieved 28 January The Sunday Times. Archived from the original on 25 May Retrieved 20 April Retrieved 25 July Westport News.

Retrieved 18 October The Associated Press. National Post, a division of Postmedia Network Inc. Bloomberg News. The Globe and Mail Inc. Ministry of economy.

Retrieved 10 February Executive Magazine. Transparency international. Retrieved 12 August So, this begs this question: How can the government, private sector and key developmental organisations expand financial inclusion and bring more women into the economy?

As we search for a solution to the inequality between men and women in accessing finance around the world, the answer could be simple: digital financial services.

Expanding financial inclusion ensures that women have access to financial tools and services to save for family needs, borrow to support a business access to credit and build a cushion against emergency Insurance.

Most importantly, expanding financial inclusion ensures that women have the financial knowledge to make the right decisions and improve their economic resilience.

Our world is becoming increasingly more digital and new data by the World Bank Group suggests that mobile phone ownership and internet access show unprecedented opportunities to use technology to achieve universal financial inclusion.

Like many women in Nigeria and other developing countries, Halima does not have an official form of identification, the minimum requirement for opening accounts in formal financial institutions.

Over the years, she has had to pass on several opportunities to get an account and access credit from the bank because she lacked the requisite requirements mandated by most financial institutions.

That is until we met her and told her about Kudeena — our financial inclusion and literacy vehicle targeted at low-income and forcibly displaced women in the North.

Halima not only opened a bank account but became our spokesperson at the junction where she trades and in her community.

She is now able to buy larger amounts of produce- thereby increasing her margins and has ramped up her catering equipment with the money she was able to save consistently, over a period of time, in her new bank account.

After successfully undergoing our financial literacy training, we were able to provide Halima with a loan via our microcredit scheme.

Solving the access to finance — especially for women requires community engagement — and a nuanced understanding of the women these services are being developed for.

Digital financial tools and services — and the associated learning to aid adoption can help to drive adoption at scale. How Africa can navigate the pandemic.

Leaders of all stripes are scrambling to contain the fallout. Get your free PDF by completing the following form. Women entrepreneurs like Halima may lack the capacity to produce collateral or sufficient credit information to access loans from traditional financial institutions.

Miss Palestine Gdp Video

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