Spotlight
AFRICA LEBANON

Africa's wealthy Lebanese fight to secure savings in IMF deal

The preliminary agreement made between the IMF and Lebanon on 7 April will have serious consequences for what the financial institution diplomatically calls the "large depositors" of Lebanese banks. In reality, this technocratic term refers to the mostly Shi'ite Lebanese businessmen in Africa who are fighting tooth and nail to protect their savings. [...] (502 words)
Issue dated 13/04/2022 Reading time 3 minutes
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