World Bank: Lebanon’s crisis among world’s worst since 1850s ...Egypt

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BEIRUT (AP) — Lebanon’s severe economic and financial crisis is likely to rank as one of the worst the world has seen in more than 150 years, the World Bank said in a report released Tuesday. The World Bank said that since late 2019, Lebanon has been facing compounded challenges, including its largest peace-time economic and financial crisis, the spread of coronavirus and a massive blast at Beirut’s port last year that is considered as one of the largest non-nuclear explosions in history. The crisis has worsened in recent months amid a paralyzing power struggle between the president and prime minister-designate that has delayed the formation of a new government, The Cabinet of outgoing Prime

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Last updated : 01 June 2021 clock 05:46 PM

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World Bank: Lebanon’s crisis among world’s worst since 1850s ...Egypt

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