A financial tipping point

Lebanon, like many countries, suffers from a sporadic electricity supply. The aging grid, a lack of domestic fuel and political sectarianism have made electricity both intermittent and expensive. Thousands of diesel generators struggle to meet the shortfall and have not been able to keep pace with demand. Today, Lebanon finds itself one of the three most indebted countries in the world, with one-third of its budget deficit going toward fuel subsidies.