Amid the dollarization of prices in Lebanon, prices have experienced an upward trajectory, albeit at a tempered pace. LIMS explained that the adoption of dollarization has acted as a stabilizing force, mitigating the impact of the devaluation of the Lebanese pound. Unlike in the past, when prices were expressed in Lebanese pound, the dollarization of prices has curtailed large price increase, but the impact of global inflation continues to show. Central banks worldwide are taking measures to raise interest rates as a means of controlling and stabilizing prices in the face of inflationary pressures. Despite these efforts, inflation rates remain high, albeit with a slight dip observed in food and fuel prices. Discussions held during the spring meetings of the International Monetary Fund (IMF) and the World Bank centered on the need to diversify supply chains, address economic protectionism, and promote free trade. These measures aim to reduce costs and stimulate growth. Geopolitical alliances are playing a pivotal role in shaping global supply chains, and international institutions are striving to support developing countries during this period marked by low growth, capital outflows, and inflation.

• International Monetary: Global Economy Is Facing Weakest Growth In 30 Years, April 12, 2023: Al Jazaer Al Dowalya, TV Interview AR
• Dollarization Did Not Curb The Price Chaos… And Global Inflation Exacerbates Lebanese Collapse, April 27, 2023: Al Anbaa Online, TV Interview AR