IMF welcomes new Lebanon government request for help on ailing economy
The International Monetary Fund on Thursday welcomed the new Lebanese government’s request for support in addressing severe economic challenges. Lebanon in January elected a new president after a more than two-year vacuum, and then formed a government led by Prime Minister Nawaf Salam….
UN Development Programme warns of socio-economic crisis in Lebanon amidst escalation of hostilities
Beirut – Escalating hostilities in Lebanon are exacting a profound toll on people’s lives and livelihoods. In addition, Lebanon’s economy could shrink by as much as 9.2 percent if these hostilities continue through the end of the year, according to a rapid appraisal released…
What’s happening with Lebanon’s economy and will it recover?
The ‘WhatsApp tax’ protests, 2019 Although the 2019 protests were initially prompted by a proposed tax on WhatsApp calls, the underlying cause was deep-seated anger over the government’s failed policies, mismanagement, corruption, and the deep economic inequality that resulted. Public…