Bankruptcy

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Es­sen­tial Mid­dle East ex­plores the cri­sis that has re­sult­ed in the rise of bank heists in Lebanon.

Published On 22 Sep 2022
People gather outside the Blom Bank branch in the capital Beirut's Tariq al-Jdideh neighbourhood on September 16, 2022, to express their support to a depositor, who stormed the bank demanding to withdraw his frozen savings.

While the $2.9bn agree­ment will pro­vide some re­lief, its dis­burse­ment is still many months away.

Published On 2 Sep 2022
A protester waves a national flag outside the president's office in Colombo, Sri Lanka.

The IMF has said Sri Lan­ka needs to whit­tle down ex­ist­ing debt to ‘sus­tain­able’ lev­els be­fore it can re­ceive any aid.

Published On 30 Jun 2022
Sri Lankan students shout slogans