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Lebanon has a free-market economy and a strong laissez-faire commercial tradition.
The government does not restrict foreign investment; however, the investment climate suffers from red tape, corruption, arbitrary licensing decisions, complex customs procedures, high taxes, tariffs, and fees, archaic legislation, and inadequate intellectual property rights protection.
The Lebanese economy is service-oriented; main growth sectors include banking and tourism. Following the civil war, Lebanon rebuilt much of its war-torn physical and financial infrastructure by borrowing heavily, mostly from domestic banks, which saddled the government with a huge debt burden.
Pledges of economic and financial reforms made at separate international donor conferences during the s have mostly gone unfulfilled, including those made during the Paris III Donor Conference infollowing the July war.
The "CEDRE" investment event hosted by France in April again rallied the international community to assist Lebanon with concessional financing and some grants for capital infrastructure improvements, conditioned upon long-delayed structural economic reforms in fiscal management, electricity tariffs, and transparent public procurement, among many others.
The influx of nearly one million registered and an estimatedunregistered Syrian refugees has increased social tensions and heightened competition for low-skill jobs and public services. Lebanon continues to face several long-term structural weaknesses that predate the Syria crisis, notably, weak infrastructure, poor service delivery, institutionalized corruption, and bureaucratic over-regulation.
Weak economic growth limits tax revenues, while the largest government expenditures remain debt servicing, salaries for government workers, and transfers to the electricity sector.
These limitations constrain other government spending, limiting its ability to invest in necessary infrastructure improvements, such as water, electricity, and transportation. Exploration is expected to begin in Environmental history is the study of human interaction with the natural world over time, emphasising the active role nature plays in influencing human affairs and vice versa..
Environmental history emerged in the United States out of the environmental movement of the s and s, and much of its impetus still stems from present-day global environmental concerns. As a follow-up to Tuesday’s post about the majority-minority public schools in Oslo, the following brief account reports the latest statistics on the cultural enrichment of schools in Austria.
Vienna is the most fully enriched location, and seems to be in roughly the same situation as Oslo. Many thanks to Hermes for the translation from blog-mmorpg.com current situation: Lebanon is a source and destination country for women and children subjected to forced labor and sex trafficking and a transit point for Eastern European women and children subjected to sex trafficking in other Middle Eastern countries; women and girls from South and Southeast Asia and an increasing number from East and West.
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Please check your internet connection or reload this page. May 28, · Re: Current Situations in Lebanon May 31, , AM The Roman Temple of Baalbeck in Baalbeck District (Qada) is 2 hours drive from Beirut, 1 hour drive from Umayyad Castle in Anjar, Zahle and Chtaura in Zahle District (Qada), 2 hours drive from Damascus and 2 hours drive from Homs city in the Syrian Province of Homs.