For almost a year, Lebanon has been assailed by compounded crises—specifically, an economic and financial crisis, followed by COVID-19, and lastly the explosion at the Port of Beirut (PoB). In October 2019, the economy plunged into a financial crisis brought about by a sudden stop in capital inflows, which precipitated systemic failures across the banking sector and debt sector, as well as effecting the exchange rate.
Watch the interview with Mr. Nicolas Chikhani aired live on “Asharq Bloomberg TV”