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Pope Francis: International community must work for peace — not their own profit — in Lebanon americamagazine.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americamagazine.org Daily Mail and Mail on Sunday newspapers.
The dichotomy of Lebanon's social protection and currency crises – Part 2 - Institute of Development Studies ids.ac.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ids.ac.uk Daily Mail and Mail on Sunday newspapers.
Lebanon currency hits new low - Kuwait Times kuwaittimes.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kuwaittimes.net Daily Mail and Mail on Sunday newspapers.
A Lebanon s suffering from one of the world’s three worst economic crises since the middle of the nineteenth century has not provided an incentive sufficient to compel the political clique imposing its control over the country to take steps to prevent the exacerbation of the comprehensive collapse. The World Bank’s Lebanon Economic Monitor issued two reports, ‘Lebanon Sinking (to the Top 3)’ -Spring 2021 and ‘The Deliberate Depression’ -Fall 2020, which explain, without mincing words, the reality of the ongoing political and economic catastrophe. The new report, published in full on Tuesday, June 1, in English, completes the work that the previous report had begun, collecting more data about the situation in Lebanon. ....
Lebanon needs help 2 hours ago The complete meltdown of Lebanon’s economy over the past 18 months is widely blamed on corruption and mismanagement. According to the latest World Bank Lebanon Economic Monitor report that “Lebanon Sinking: To the Top 3” worries and affects masses in the world, the economic and financial crisis is likely to rank in the top 10, possibly top 3, most severe crisis episodes globally since the mid-nineteenth century (“Lebanon crisis among ‘world’s worst’ since 1850s,” Gulf Today, June 2). Corruption is a form of dishonesty by a person or organisation entrusted with a position of authority, to acquire illicit benefit for one’s private gain. Subject to extraordinarily high uncertainty, real GDP is projected to contract by a further 9.5 per cent in 2021. ....