11. Lebanon: The 3-Decade Impossible Power Sector Reforms
- Author:
- Jessica Obeid
- Publication Date:
- 03-2020
- Content Type:
- Commentary and Analysis
- Institution:
- Italian Institute for International Political Studies (ISPI)
- Abstract:
- Lebanon defaulted on its debt for the first time in the country’s history. Many factors have contributed to this economic and fiscal crisis, but at the heart of them is the electricity sector, accountable for more than $39.5 billion, equivalent to 43 percent of the public debt, and embodying the core structural issues of Lebanon; a non-functioning confessional system built on the foundation of vested interests.
- Topic:
- Debt, Infrastructure, Financial Crisis, Economy, and Electricity
- Political Geography:
- Middle East and Lebanon