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World Bank: Lebanon's meltdown threatens social peace

BEIRUT (AP) Lebanon’s economy contracted by more than 58%, the World Bank said Tuesday, warning in a report that the small country’s financial meltdown poses a threat to long-term stability and social peace. ....

Saudi Arabia , Saroj Kumar Jha , Bassam Mawlawi , International Monetary Fund , World Bank Lebanon Economic , World Bank , Lebanon Economic Monitor , Great Denial , Interior Minister Bassam Mawlawi , Persian Gulf , Middle East , Gross Domestic Product ,

Lebanon's "Great Denial" Must Be Reversed, but Time Is Running Out

“Lebanon’s deliberate depression is orchestrated by the country’s elite that has long captured the state and lived off its economic rents.” Very unfortunately, but precisely, that sentence in a recent World Bank report summed up the root cause of Lebanon’s tragic economic downfall. ....

United States , World Bank , District Of Columbia , Heritage Foundation , Great Denial , United State , Economic Freedom ,

Lebanon's 'Great Denial' Must Be Reversed, but Time Is Running Out

The Lebanese government’s mismanagement and corruption has undermined the rule of law and led to the country's tragic economic downfall. ....

United States , World Bank , District Of Columbia , Heritage Foundation , Great Denial , United State , Economic Freedom ,