The newly formed Lebanese Government has recently set the policy objectives of Prime Minister Saad al-Hariri's government. Amongst the main objectives that they highlighted was the need for strict economic reforms in Lebanon, in order to bring down the debt-to-GDP ratio.
Egypt announced a plan for the issuance of treasury bills and bonds worth 181.5 billion Egyptian pounds, but experts say the government should slash outlays and increase public revenues through a raft of measures to ease the country's budgetary woes.
Hundreds of protesters took to the streets of Lebanon's capital, Beirut, on Sunday to protest against a political stalemate that has prevented the formation of a new government seven months after elections.
By joining the Economic Community of West African States (ECOWAS), Tunisia is trying to ship goods and services to the rest of Africa. The country, whose total exports stand at $14 billion, is attempting to export $4 billion by the end of 2020 to Africa alone.
The clashes between the different factions in Libya has decreased Libya's oil production and oil revenue immensely. The main ports of the Libyan Oil Crescent are controlled by the LNA while the GNA control two ports.
In May 2018, Lebanon held its first election in 9 years, however, the government has not been formed due to political rivalries. "We have not seen serious movement in forming the government so far," critcised Lebanon's Finance Minister, Ali Hassan Khalil.
Before the May 6 vote, leaders from across the deeply divided political establishment sounded the alarm about the state’s finances and economy. Lebanon is the world’s third-most indebted nation with a debt-to-GDP ratio of more than 150 percent
Lebanon heads to general elections for the first time in nine years. This is the first elections to include the 82k expat voters, totaling the total registered voters at 3.6 million. This election also sees a new Electoral system in which voters will vote twice, once for coalitions and once for the candidate.