It is true that the Lebanese economy has been in a severe crisis for five years, but today it suffers another severe blow that "guarantees" that the crisis will probably only get worse in the next two years.
The FATF organization, the international task force for the fight against money laundering and terrorist financing based in Paris (of which Israel is a member), today put Lebanon on its "grey list".
This means that the organization suspects in Lebanon that terrorist financing and money laundering is taking place there, and therefore the government is required to fulfill a series of demands in order to get off this list.
If she fails to do so she will be blacklisted and essentially become an international leper from an economic point of view.
Putting Lebanon on the gray list should discourage investors from operating in it and will also harm its banking relations.
In the past, countries such as the Emirates and Qatar were on the gray list and made great efforts to get out of it. Lebanon has until 2026 to meet the requirements....
What will happen now to the 800 million dollars promised to Lebanon yesterday by the Paris conference?