Lebanon economic crisis - updates

Rappler's latest stories on Lebanon economic crisis


Without IMF bailout, is Lebanon heading for 'hell'?

Jul 11, 2020 - 9:00 AM

A Lebanese source says an International Monetary Fund rescue would help Lebanon avoid the worst, but negotiations are stalling

Lebanese anti-government protesters take part in a symbolic funeral for the country in the downtown area of the capital Beirut, on June 13, 2020, on the third consecutive day of demonstrations due to a deepening economic crisis. (Photo by ANWAR AMRO / AFP)

Lebanon PM pledges to stem devaluation, reduce food prices

May 21, 2020 - 10:10 PM

The devaluation of the Lebanese pound leads to major hikes in the price of food, much of which is imported

ECONOMIC CRISIS. An anti-government protester stands on top of a car during a demonstration in the Lebanese capital Beirut on April 22, 2020. Photo by Anwar Amro/AFP

Lebanon central bank official charged in currency probe

May 18, 2020 - 10:30 PM

Mazen Hamdane is accused of manipulating the Lebanese pound and 'breaching [its] stability through directly buying dollars from money changers'

Barbed wire is placed in front of the central bank headquarters in Beirut to keep protesters away from the building, on December 30, 2019. - Since September, banks have restricted the number of dollars that can be withdrawn or transferred abroad. Although no formal policy is in place, most have arbitrarily capped withdrawals at around $1,000 a month, while others have imposed tighter restrictions. (Photo by ANWAR AMRO / AFP)

Lebanon's economic collapse: What happened?

May 04, 2020 - 9:55 PM

Here's how Lebanon became one of the most indebted countries in the world

A Lebanese protester kicks the entrance of a bank in the southern Lebanese city of Sidon late on April 29, 2020, as anger over a spiralling economic crisis in the country re-energised a months-old anti-government movement in defiance of a coronavirus lockdown. - Clashes broke out between protesters and the Lebanese army , hours after the under-fire central bank chief blamed a lack of government reforms for a spiralling economic crisis that has sparked demonstrations. A plummeting currency and fast-rising prices have reignited protests that saw one man killed in the northern city of Tripoli after being struck by a bullet fired by a soldier in clashes earlier this week. (Photo by Mahmoud ZAYYAT / AFP)