Lebanese reforms caught in the crossfire

Israel’s conflict with Hizbullah began just as Lebanon was finding its feet again following the assassination last year of former prime minister Rafik Hariri. The government was in the middle of a series of reforms that it hoped would provide the capital markets with a bigger role in the country’s economic story. Those reforms are now on hold but it is imperative that they are implemented as soon as circumstances allow. Sudip Roy reports from Beirut.

Securitization specialist has global vision

Lebanon’s finance minister: ‘The phoenix will rise again’

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“I’M LOOKING AT my screen,” says the senior investment banker in Beirut. “There are more buy orders than sells.” The bombs are falling but business goes on in Lebanon. It’s far from business as usual, though. The banker says that just before speaking to Euromoney he was on the phone to his wife, discussing the possibility of her and their children moving abroad while the war continues.

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