0:00 Intro
4:12 Transition
9:08 Today
14:47 Fluctuation
18:55 IMF Deal
27:15 What happens?
30:47 Mistakes
37:11 Looking Back
45:54 Rentier Economy
50:36 Haircut
54:45 Capital Controls
55:45 State Assets
1:02:31 Price
We're with Kabalan Farah for Episode 294 of The Beirut Banyan.
Click to watch:
https://youtu.be/PFQWLa3iPOs
We discuss Kabalan's transition from navigating the financial markets to reporting on Lebanon's crippling economic crisis.
We look back at lack of fiscal policy / mistakes made in the years leading up to 2019, and the potential for crisis management, stabilization and lasting reform lost in the months following October 17.
We also talk about a de facto haircut, capital controls and the future of state assets.
Kabalan Farah is a finance reporter at L'Orient Today.
Check out his latest piece, 'A new peg in the works?':
https://today.lorientlejour.com/article/1288334/a-new-peg-in-the-works.html
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www.ronniechatah.com
Music by Marc Codsi. Animation & illustration by Sana Chaaban.
