Lebanon is facing one of the world’s worst economic and financial crises in the last 150 years, according to the World Bank. The Bank has deemed Lebanon’s economic collapse a “deliberate depression,” because of “continuous policy inaction” and “persistent and debilitating internal political discord.” Lebanon’s three-year financial crisis has now pushed an estimated three-quarters of the population into poverty and food prices have gone up more than 11-fold. Gross domestic product plunged to an estimated $20.5bn in 2021 from about $55bn in 2018, the kind of contraction usually associated with wars, according to the World Bank. The Lebanese pound has lost more than 90% of its value, driving
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