Demonstrations once again blocked the streets of Beirut last November as angry crowds took to the street to protest the worsening socio-economic conditions. The collapse of Lebanon’s state-run electrical grid laid bare the devastating impact of the country’s economic crisis, now in its third year. The country’s population of five million has battled with soaring...
Author: Hanaa Hasan (Hanaa Hasan)
Post
Middle Eastern countries grapple with post-pandemic national debt
The Covid-19 pandemic has exacerbated the debt crisis for Muslim countries argues Hanaa Hasan, a Research Associate at the Ayaan Institute. The world economy is fast approaching a global debt crisis warned Nobel Laureate Joseph Stiglitz and UN global economic monitoring chief Hamid Rashid last year. In the wake of the coronavirus pandemic, global debt...