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US$290 Million in Additional Financing to Support Vulnerable Households and Workers Affected by COVID-19 in Jordan
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US$290 Million in Additional Financing to Support Vulnerable Households and Workers Affected by COVID-19 in Jordan - Jordan
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Jordan: Modest Economic Contraction but Private Sector and Equality Suffer
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Jordan witnesses modest economic contraction but private sector, equality suffer — JEM
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Lebanon Sinking into One of the Most Severe Global Crises Episodes, amidst Deliberate Inaction
05/31/2021 | 05:18pm EDT
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Beirut, June 1, 2021 - Lebanon is enduring a severe and prolonged economic depression. According to the latest World Bank Lebanon Economic Monitor (LEM) released today, the economic and financial crisis is likely to rank in the top 10, possibly top 3, most severe crises episodes globally since the mid-nineteenth century. In the face of colossal challenges, continuous policy inaction and the absence of a fully functioning executive authority threaten already dire socio-economic conditions and a fragile social peace with no clear turning point in the horizon.