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  1. 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: 62
    Issue: 51-52
    Published at Fri, 20 Dec 2019

  2. 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: 62
    Issue: 51-52
    Published at Fri, 20 Dec 2019