7 Hrs
Source:
النهار
Lebanon's Survival Battle
Lebanon’s private sector is facing a crisis that threatens businesses’ survival and ability to continue operating. The crisis is driven by a buildup of financial and economic challenges and the fallout from the war, alongside declining sales, rising operating costs, market disruption, difficulties retaining workers, and a lack of bank financing. The article calls for an urgent national rescue plan, including the creation of a fund to provide businesses with concessional loans and credit guarantees; easing the tax burden and rescheduling payments due; and offering incentives to help retain employees and support affected businesses. It also stresses the need to develop non-bank financing and restore confidence in the banking sector, arguing that rescuing businesses and protecting jobs and production must be priorities in reviving the Lebanese economy.
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