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Lebanon Creeps Toward Economic & Political Abyss
...ttle to help the low growth climate, which in fairness was partly due to the war in neighboring Syria. A whopping 77% of government spending since 2011 has gone toward three items (see chart 2): government salaries (33%), payments on the interest of the government’s now $91bn debt (32%), and su...
Volume: 62Issue: 51-52Published at Fri, 20 Dec 2019 -
Jordan Bags Key US, EU Aid
...e p6). Jordan benefited from two previous MFA programs worth €380mn which began in 2011. But for lending to really have an impact, Jordan will need to focus on capital spending rather than salaries. Nine-month 2019 figures suggest Jordan is heading in the wrong direction, with its investment sp...
Volume: 62Issue: 51-52Published at Fri, 20 Dec 2019 -
Lebanon’s Ailing Economy: Will The Music Stop in 2019?
...de? Wracked by political deadlock and a refugee crisis from neighboring Syria, Lebanon’s economy has sputtered along for the better part of the last decade. GDP growth has averaged a paltry 1.7% since 2011 as the country has racked up a series of bumper budget deficits. Despite slogging onward, the co...
Volume: 61Issue: 51-52Published at Fri, 21 Dec 2018 -
Kuwait: Politics Is Back
...The events of November 2011 continue to overshadow politics in Kuwait to this day. Hundreds of protestors stormed the National Assembly building on 16 November 2011 over alleged corruption among parliamentarians. These events forced the resignation of prime minister Nasser al-Muhammad al-Sa...
Volume: 61Issue: 51-52Published at Fri, 21 Dec 2018