Search on Ifri.org

Frequent searches

Suggestions

Lebanese Banking Crisis: The Systemic Workings of a Wreck

Papers
|
Date de publication
|
Image de couverture de la publication
el_khoury_liban_couv.png
Accroche
Two and a half years after the outbreak of an unprecedented banking, monetary and debt crisis qualified by the World Bank as one of the worst financial meltdowns since 1850, fears of intermittent or cascading bank failures are high in Lebanon, as the fate of billions of dollars in deposits remains uncertain.
Image principale
Lebanese pounds.
Lebanese pounds.
Abdel Mohaymen / Shutterstock
Corps analyses

Currently losing all its legitimacy on the national and international scenes, the political class continues to cling to power without ever reforming the confessional and clientelist system that caused the Lebanese collapse. This meltdown is deeply linked to the political crisis that has been going on for more than two years. Indeed, the confessional power-sharing system has infected the financial sphere over the decades.

Meanwhile, the country still hasn’t reached an agreement with the International Monetary Fund (IMF), while the national currency has lost more than 95 % of its value since the beginning of the crisis in October 2019, causing triple-digit inflation and plunging large parts of the population below the poverty line.
 

This content is available in French: Crise bancaire libanaise : les rouages systémiques d'un naufrage

Decoration

Available in:

Regions and themes

ISBN / ISSN

979-10-373-0538-1

Share

Decoration
Author(s)
Image principale
Süleymaniye Mosque, Istanbul, Türkiye
Turkey/Middle East Program
Accroche centre

Ifri's Turkey/Middle East Program aims to provide expertise on the trends and developments in politics, societies and economies across the region.

The programme has the following objectives:

  • Proposing a new approach towards the MENA region through an analysis of local, regional, and international dynamics with the potential to guide and influence new policies.
  • Highlighting the role of foreign powers which have traditionally been present in the region and analyzing the new role taken on by emerging countries ;
  • Anticipating new directions and outlooks in each country.
  • Interpreting risks and potentials and putting forward new templates for analysis.

The programme has built a dense network of researchers and experts who provide expertise on the MENA region and working together on a range of crosscutting themes.

Image principale

Adıyaman, the “Ownerless City”: Story of a Political Emancipation

Date de publication
11 July 2025
Accroche

Over the past two years, the city of Adıyaman has made headlines for two major reasons: first, its devastation by the earthquake of February 6, 2023, which struck between Turkey and Syria, and second, its significant political shift following the municipal elections of March 31, 2024. 

Giulia FOURNIER
Image principale

The Evolving Role of Nuclear Rhetoric in Iran’s Strategic Calculus

Date de publication
03 July 2025
Accroche

How has the Iranian strategic discourse about nuclear weapons and deterrence evolved? 

Image principale

Turkey and France - Allies or Rivals: Opportunities to be Seized

Date de publication
24 June 2025
Accroche

As international relations have become increasingly unpredictable, the quest is to find a semblance of normality. Alliances are shifting as interests are changing. The so-called order established after the Second World War is being shattered by those who have given so much to create it. Global relations are being transformed by countries that wish to follow the rules and others that want to circumvent or ignore them. In this uncertain environment, it is therefore all the more crucial to find stable allies.

Selim YENEL
Image de couverture de la publication
couv_essai_28juin.jpeg

RAMSES 2025. Between Powers and Powerlessness

Date de publication
04 September 2024
Accroche

Never before have there been so many powers able to upset the international balance of power, and never before have the dominant powers seemed so powerless to counter the fragmentation of the world.

Page image credits
Lebanese pounds.
Abdel Mohaymen / Shutterstock

How can this study be cited?

Image de couverture de la publication
el_khoury_liban_couv.png
Lebanese Banking Crisis: The Systemic Workings of a Wreck, from Ifri by
Copy