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Significance
Lebanon won aid pledges exceeding eleven billion dollars on April 6 during a conference in Paris, named CEDRE, that aimed to rally international support for a massive investment programme. The funds will be used to overhaul infrastructure and lift dwindling economic growth.
Impacts
Popular hopes for an economic upswing may help Hariri retain his premiership after the May 6 elections.
Direct involvement of the Saudi private and public sector in infrastructure development could seal the Beirut-Riyadh rapprochement.
Conflict between Israel and Lebanese Shia political-military movement Hezbollah would upend all reform plans and destroy the economy.
Keywords:
Lebanon,
ME/NAF,
France,
economy,
politics,
aid,
balance of payments,
corruption,
debt,
election,
fiscal,
government,
growth,
infrastructure,
investment,
opposition,
foreign investment,
foreign policy,
party,
security
© Oxford Analytica 2020. All rights reserved. This content contains general information about geopolitical, macroeconomic and social developments or (where stated) other matters. It does not contain advice or recommendations that may be relied on. Where links to external websites are provided, this does not indicate that Oxford Analytica or Emerald agree with, endorse or have checked for accuracy the contents of said sites.
2018
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