Skip to content
Subscriber Only

Lebanon’s Chances of Avoiding Default Dim as Reserves Sink

  • Nation could run out of reserves by June, says Bank of America
  • Currency has weakened almost 30% on black market since August
Lebanon Engulfed by Anti-Government Protest
Photographer: Hasan Shaaban/Bloomberg
Updated on

Explore what’s moving the global economy in the new season of the Stephanomics podcast. Subscribe via Apple Podcast, Spotify or Pocket Cast.

Lebanon may have just repaid $1.5 billion of Eurobonds, but its chances of escaping a default still look grim.