Lebanon is in the midst of what the World Bank says is one of the world’s worst economic meltdowns in the past 150 years.
Deep disagreements festered within the Lebanese delegation during last year's negotiations with the IMF, with the government on one side and the central bank and local lenders on the other.
In its report titled 'APAC Economic Outlook: The Delta Roadblock', Moody's Analytics said social distancing is weighing on the current quarter, but economic recovery will resume by the year-end.
Many economists and experts have suggested the government to resort to printing more currency notes to support the economy ravaged by the spread of COVID-19.
The Union Minister of Electronics and Information Technology stated that the government's policy interventions have made India an investor-friendly place.
Expressed in the previous "strong bolivar" currency in effect until Monday, it amounts to a hike from 248,210 to 6,000,000 to the dollar.