How can small businesses
cope in the face of multiple
crises in Lebanon?
Lebanon’s recent past has been turbulent. Since 2019, after years of mismanagement, Lebanon has experienced a steady and significant economic deterioration alongside political turmoil, including the collapse of the country’s financial system as well as the devaluation...
February Crisis Update
Key Takeaways: The Central Bank established a new official USD exchange rate of LBP 15,000 and raised the Sayrafa rate to LBP 42,000 on February 1. The US dollar (USD)-Lebanese pound (LBP) parallel market exchange rate reached LBP 88,000 in late February before...
Agriculture Input Producers Support
The call for agricultural input producers is open! Are you locally producing fertilizers, pesticides, seeds, irrigation tools, or other agricultural inputs that play a crucial role in the vegetables, wheat, and cereals production? Do these inputs have a potential to...
BASATINE – Bolstering Agriculture Systems
Mercy Corps launches BASATINE, a four-year programme aiming to sustain the capacity of Lebanese agriculture to produce food for the local market, create and maintain jobs, generate social cohesion between host communities and refugees, as well as promote gender...
Effects of the Ukraine conflict on Lebanon’s economic and humanitarian crisis – one year on
The Ukraine conflict had a significant ripple effect on economies around the world, driving a spike in commodity prices in the months following the invasion and exacerbating existing economic challenges in the wake of the Covid-19 pandemic. The impact of commodity...
January Crisis Update
Key Takeaways: The Lebanese Pound (LBP) depreciated to a low of LBP 63,500 per USD 1 on January 26. Acute LBP depreciation in the second half of January was accompanied by an increase in LBP money supply and Central Bank-mandated limits on Sayrafa platform...
December Crisis Update
Key Takeaways: The Lebanese pound (LBP) parallel market exchange rate depreciated to a record low of LBP 47,800 per 1 US dollar (USD) by December 26, largely due to an increase in money supply in December. The exchange rate sharply appreciated on December 27, when the...
November Crisis Update
Key Takeaways: The Lebanese pound (LBP) parallel market exchange rate depreciated to a record low of LBP 41,500 per 1 US dollar (USD) by the end of November. LBP depreciation in November was in large part due to a significant increase in money supply in September and...
Understanding the limitations of remittances
as an informal social safety net in Lebanon
Remittances and other diaspora inflows have long played an important role in Lebanon’s economy, bringing in an average of 7.15 billion US Dollars (USD) each year, over the past 10 years. The collapse of Lebanon’s economy, driven by the economic and fiscal crisis of...
October Crisis Update
Key Takeaways: President Michel Aoun’s six-year term ended on October 31, after the parliament failed to elect his successor, despite holding four electoral sessions in October. Established parties have not signaled that they will soon agree on a so-called “consensus...
