Banking system is key to Beirut's survival

July 2006
MEED: Middle East Economic Digest;7/21/2006, Vol. 50 Issue 29, p25
Trade Publication
The article focuses on the importance of the banking system for the economic survival of Lebanon in line with military attacks by Israel in July 2006. The destruction of key infrastructure such as the runways at Beirut International Airport and power stations will all have a long-term economic impact. One of the main reasons why Lebanon is such in a high debt burden is due to the costs of reconstruction after the civil war which was carried out with little international assistance.


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