Report
Jaap Meijer
EUR 118.56 For Business Accounts Only

Lebanon IMF Article IV report – Upfront fiscal reforms essential

​Fiscal reform of 3ppt of GDP is needed to contain the growth of the country’s rapidly increasing debt/GDP ratio.

Framework for oil and gas exploration already underway with the potential of having a transformative impact on the economy (impact underestimated in the IMF report, in our view).

We remain strongly OW on the Lebanese banking system on an unprecedented wealth transfer from the BdL.

Provider
Arqaam Capital
Arqaam Capital

Established in 2007, Arqaam Capital is a specialist emerging markets investment bank, bringing regional and international product offerings to the emerging markets. Arqaam Capital combines international best practice with expertise in the markets in which we operate. Our primary role is to provide financial intermediation and create investment opportunities for frontier and emerging markets investors looking to invest in their own markets and abroad, as well as international investors seeking opportunities in target frontier and emerging markets. Arqaam Capital is headquartered in the Dubai International Financial Centre (DIFC), with additional offices in Libya, Lebanon, Egypt, and South Africa. 

Arqaam Capital's research platform provides the largest coverage footprint of MENA equities and one of the largest on the African continent with a total of 300 stocks under coverage. Arqaam Capital is ranked as one of the leading research providers in the region - a reflection of its broad coverage universe, its in-depth and high quality research, as well the compelling investment ideas that the team generates. The analysts closely analyze their sectors and issue in-depth company and sector research while the strategy team connects the micro with the macro, focusing on index analysis, macroeconomics and strategy research. 

Analysts
Jaap Meijer

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