Deposits, the IMF and the economic recovery plan

Lebanon has been facing an unprecedented financial and economic crisis with significant increases in poverty, unemployment, and a qualified human capital exodus.

Meanwhile, Lebanese policymakers have so far failed to meaningfully address the country’s compounding problems.  The government has rushed a budget retroactively for 2022, and succumbed to the unrealistic demands outlined by the International Monetary Fund’s Staff Level Agreement (SLA) and the ongoing controversy over the details of its implementation.