Protests are gathering pace across Lebanon in response to the continuing economic crisis. The value of the local currency has dropped in relation to the dollar, losing up to 70% of its value on the black market in the last month.
Corruption and several decades of overborrowing by the government have led to a large build-up of the national debt. The deficit reached more than 155% of GDP in 2019 and is projected to rise to 162% in 2020 and possibly to 167% in 2021. The borrowing that occurred o
A Lebanese motorist drives past debris at Riad Al Solh Square in the centre of the capital Beirut. Anwar Amro/AFP
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Staff Writer / Analyst
Nicholas Pritchard is a Staff Writer for Al Bawaba News. He's interested in the environment, human rights, technology, and global history.
