 Marina Chamma
In the aftermath of war or major conflict, a country’s economic priorities are usually straightforward, starting with reconstruction, reverting from the demands of a war economy back to regular economic activity in productive and growth sectors, to maintaining price and currency stability, all backed by well thought-out fiscal and monetary policies to support these objectives. However, where does a country like Lebanon begin to pick up the pieces of its economy following a 13-month long war, halted by a tenuous agreement and, which barely three years ago, was in the midst of one of the world’s most severe economic and financial crises since the 1850s  Sami Geadah
The Financial Action Task Force (FATF) put Lebanon on a list of countries that are subject to increased monitoring because of concerns regarding the effectiveness of Lebanon’s arrangements to combat money laundering, terrorist financing, and proliferation in October 2024. [1] This list is referred to as the grey list. The FATF noted that Lebanon’s ineffective judiciary and increasingly cash based economy had raised concerns about illicit flows of money into the country. |