Update: Lebanese energy crisis intensifies Aug. 11, 2021

from World Business Report· ·

Lebanon's central bank said it would offer credit lines for fuel imports based on the market price for the Lebanese pound from Thursday, effectively ending a fuel subsidy that has drained its reserves since the country descended into financial crisis. The BBC's Mohamed El Aassar explains what this means for Lebanese citizens. Also in the programme, Brookings economist Nicol Turner Lee takes a close look at President Biden's infrastructure bill, and whether it will help alleviate the country's widening digital divide. We'll also hear how markets are reacting to the bill, along with record-high inflation in the US, with Susan …



Lebanon's central bank said it would offer credit lines for fuel imports based on the market price for the Lebanese pound from Thursday, effectively ending a fuel subsidy that has drained its reserves since the country descended into financial crisis. The BBC's Mohamed El Aassar explains what this means for Lebanese citizens. Also in the programme, Brookings economist Nicol Turner Lee takes a close look at President Biden's infrastructure bill, and whether it will help alleviate the country's widening digital divide. We'll also hear how markets are reacting to the bill, along with record-high inflation in the US, with Susan Schmidt of Aviva Investors in Chicago.