The resulting destruction was huge, estimated by the World Bank at approximately $3.4bn, while economic losses, including ...

Lebanon's new leadership faces immense challenges after years of financial collapse, political turmoil, and war. With ...

Then a devastating economic crisis struck Lebanon last October and her living conditions went from bad to worse. She now spends her days with her three-month-old baby, waiting for the phone call ...

Then a devastating economic crisis struck Lebanon last October and her living conditions went from bad to worse. She now spends her days with her three-month-old baby, waiting for the phone call ...

in which the Lebanon crisis is contrasted with the most severe global crises episodes as observed by Reinhart and Rogoff (2014) over the 1857–2013 period. In fact, Lebanon’s GDP plummeted from close ...

They say the current economic crisis is the worst threat to Lebanon's stability since the civil war that ravaged the country from 1975 to 1990. "We have lived generations where the same entrenched ...

Al-Monitor is an award-winning media outlet covering the Middle East, valued for its independence, diversity and analysis. It is read widely by US, international and Middle East decision makers at the ...

Al-Monitor is an award-winning media outlet covering the Middle East, valued for its independence, diversity and analysis. It is read widely by US, international and Middle East decision makers at the ...

Lebanese Finance Minister Yassine Jaber announced a forthcoming agreement with the International Monetary Fund, signaling potential relief for Lebanon's ongoing economic crisis, which began in 2019 ...

Lebanon has been in deep economic crisis since 2019, when its financial system collapsed under the weight of massive state debts, prompting a sovereign default in 2020 and freezing ordinary ...