Lebanese Economic Crisis Archives

Posts tagged with "Lebanese Economic Crisis"

Lebanon

Lebanon agrees new government to tackle economic collapse

September 10th, 20210 BEIRUT - Lebanese leaders agreed a new government led by Sunni Muslim tycoon Najib Mikati on Friday after a year of feuding over cabinet seats that has exacerbated a devastating economic collapse, opening the way to a resumption of talks with the IMF. The breakthrough followed a flurry of contacts with France, which has led efforts to...

Lebanon

Inflationary pressures force Lebanese to make tough choices

September 9th, 20210 BEIRUT — Ibrahim Jaber was laid off when the fast food restaurant where he worked as a chef in Beirut shut down. Unable to find another job, he had to take his daughter out of school to put food on the table at home. He is one of many Lebanese who have found themselves facing staggering inflation just as their employers, also hit...

Lebanon

“U.S.-Lebanon Friendship” congressional caucus calls for action on deteriorating situation

August 19th, 20210 A group of lawmakers wrote to U.S. Secretary of State Antony Blinken and USAID Administrator Samantha Power, calling on U.S. support towards Lebanon’s deteriorating economic and political situation. U.S. Reps. Debbie Dingell (D-Dearborn), Charlie Crist (D-FL), Darrell Issa (R-CA), and Darin LaHood (R-IL), co-chairs of the...

Lebanon

Lebanon is “days away” from social explosion, PM Diab warns

July 6th, 20210 BEIRUT — Lebanon is a few days away from a social explosion, caretaker Prime Minister Hassan Diab warned on Tuesday, calling on the international community to save a country in deep economic crisis. The World Bank has called Lebanon's crisis one of the worst depressions of modern history. The currency has lost more than 90 percent...