BEIRUT As Lebanon's debilitating economic crisis drags on, Lebanese whose living standards have plunged are relying more and more on a growing support system of charities and private initiatives to fend off hunger.
BEIRUT Lebanon has scant chance of securing badly needed aid from the International Monetary Fund as the government fails to enact reforms demanded by donors to address its financial crisis, opposition politician Samir Geagea said on Friday.
BEIRUT, May 29 Lebanon has scant chance of
securing badly needed aid from the International Monetary Fund
as the government fails to enact reforms demanded by donors to
address its financial crisis, opposition politician Samir Geagea
said on Friday.
BEIRUT Lebanon's financial meltdown could tip the country into a full-blown food crisis, as people hit by soaring prices and the fallout of COVID-19 become unable to afford even basics like bread, the prime minister warned.
BEIRUT Lebanon has turned to global power plant manufacturers including General Electric to arrange financing to build badly needed electricity capacity, hoping favourable terms can be agreed with help from their governments.
LONDON/BEIRUT, May 6 Only a handful of Lebanese
lenders are expected to emerge from an economic rescue plan that
many banks, who are among the government's biggest creditors,
oppose because it would wipe out $20.6 billion in shareholder
BEIRUT Lebanese banks are working on a national financial rescue plan that would preserve some of their capital rather than writing it all off as outlined in a government programme, the banking association head said on Tuesday.
BEIRUT Lebanese politicians who have led their country into financial disaster are squabbling over who is to blame, stirring up old rivalries that may spell even deeper trouble ahead. | Video
BEIRUT Former Lebanese prime minister Saad al-Hariri on Friday criticised the government over a draft programme for tackling a major financial crisis, saying it appeared on course for an "economic suicide plan".
* It says contribution from large depositors also needed
(Adds government meeting on Wednesday)