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

Help support The Beirut Banyan by contributing via PayPal:

https://www.paypal.me/walkbeirut

Or donating through our Patreon page:

https://www.patreon.com/thebeirutbanyan

Subscribe to our podcast from your preferred platform.

Follow us on Facebook, Instagram & Twitter:

@thebeirutbanyan

And check out our website:

www.ronniechatah.com

Music by Marc Codsi. Animation & illustration by Sana Chaaban.