While appearing to do nothing, policymakers are in fact tacitly responding to the crisis.

We believe Lebanon’s public debt is unsustainable. We strongly recommend that the Lebanese government commences with a comprehensive restructuring effort to bring down the debt burden to a level the country can afford.

An independent group of development specialists, economists and finance experts met in Beirut late-December to discuss the ongoing economic crisis and the path forward. This note summarizes the deliberations and puts forth a ten-point action plan meant to arrest the crisis and place the country on a path of sustained recovery.