Assessments

Lebanon's Impending Debt Default

Emily Hawthorne
Middle East and North Africa Analyst, Stratfor
Ryan Bohl
Middle East and North Africa Analyst, Stratfor
Michael Monderer
Senior Analyst for Global Economics, Stratfor
Mar 6, 2020 | 17:32 GMT
An image showing Lebanese pounds.

Lebanese pounds.

(Janusz Pienkowski/SHUTTERSTOCK)

Lebanon is highly likely to default on a $1.2 billion, 10-year eurobond that matures March 9. Even if it makes that payment, the country's finances are near collapse. When that happens it will accelerate a crisis in the country's insolvent banking sector, probably deepening its ongoing currency crisis and setting off a downward economic spiral threatening social and political stability....

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