France’s presidency said on Wednesday that there would be no international financial support for Lebanon until there was a government in place and warned that an audit of the central bank was more …
‘Deliberate depression’: World Bank’s dire warning on Lebanon
Lebanon has been ravaged this year by an economic and financial crisis, the COVID-19 pandemic, and a deadly explosion at the Port of Beirut. Now, economists at the World Bank are warning that things …
‘Lifeline’ aid to Palestinian refugees in Lebanon running out
Palestinian refugees in Lebanon are at risk of losing their only source of survival as the United Nations agency that has been supporting them since its creation in 1949 is running out of cash.
US clears weapon sales for Saudi Arabia, Lebanon, Croatia, Canada, Brazil and South Korea
The six cases, spread across South Korea, Saudi Arabia, Brazil, Croatia, Lebanon and Canada, were announced on the website of the Defense Security Cooperation Agency. DSCA announcements mean that the …
Senior Lebanon banker warns of ‘catastrophe’ amid US sanctions claim
Banking official says damage to Lebanon economy would be ‘beyond imagination’ if US imposes sanctions on central bank …
World Bank Warns of ‘Prolonged Depression’ in Lebanon
The World Bank says Lebanon’s economy faces an “arduous and prolonged depression,” with real GPD projected to plunge by nearly 20% because its politicians refuse to implement reforms.
West Bank sees Lebanon in prolonged depression, – 19.2% growth in 2020
Lebanon is suffering from an arduous and prolonged depression, the World Bank said on Tuesday, criticising authorities for “a deliberate lack of effective policy action” and projecting that real …
Lebanon: Govt Stuck Between Crisis, Bassil’s Call for ‘Clear Standards’
Speaker Nabih Berri meets with US Ambassador to Lebanon Dorothy Shea (NNA) The process of forming a new government in Lebanon has not seen any improvement that would revive the talks between President …
Lebanon’s Central Bank Fuels Corruption, Extremism Concerns
U.S. and other Western officials are exerting pressure on Lebanon’s central bank as part of a push to sideline Iran-backed Hezbollah, oppose corruption and alleviate the country’s economic and …
Lebanon is in a Deliberate Depression with Unprecedented Consequences for its Human Capital, Stability, and Prosperity
A new World Bank report analyses the root causes of Lebanon’s ongoing social and economic crises and calls for formation of a reform-minded government to urgently implement a comprehensive reform …