by Mercy Corps Lebanon | Nov 17, 2023 | LCAT Thematic Reports
Key Findings: Financial and banking laws have historically enabled Lebanese commercial banks to offer accounts and services denominated in foreign currencies, initiating early financial dollarization. Pegging the LBP to the USD from 1997 to 2019 contributed to real...
by Mercy Corps Lebanon | Nov 13, 2023 | LCAT Monthly Reports
Key Takeaways: Since October 8, Hezbollah and Israel have engaged in escalating tit-for-tat attacks along Lebanon’s southern border. Eleven civilians have been killed in the fighting and 31 others injured as of November 9. As of November 1, 25,708 individuals had been...
by Mercy Corps Lebanon | Oct 6, 2023 | LCAT Monthly Reports, LCAT Reports
Key Takeaways: The caretaker cabinet submitted its final version of the 2023 draft budget to parliament and continued its review of the 2024 draft budget in September. The latest version of the 2024 draft budget includes a value-added tax increase from 11% to 12% and...
by Mercy Corps Lebanon | Oct 5, 2023 | LCAT Reports, LCAT Thematic Reports
Key Findings: LCAT produced the economic vulnerability score (EVS) indicator to identify pockets of vulnerability at the local level using data on changes in NLR concentration and fuel prices, which accounts for a relative lack of available data across most of...
by Mercy Corps Lebanon | Sep 11, 2023 | LCAT Monthly Reports, LCAT Reports
Key Takeaways: Fighting between rival factions in the Ain el Hilweh Palestinian refugee camp killed 13 people and heavily damaged multiple neighborhoods in late July and early August. After the clashes subsided, the United Nations Relief and Works Agency for Palestine...
by Mercy Corps Lebanon | Sep 4, 2023 | LCAT Reports, LCAT Thematic Reports
Key Findings: NLR declined from late 2019 to early 2021 and accelerated after fuel subsidies were lifted in May 2021 because most of Lebanon heavily relies on diesel-powered electricity generators. NLR has declined in all qadas since late 2019, but qadas that receive...
