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The Lebanese liquidity crisis is an ongoing financial crisis affecting Lebanon, that became fully apparent in August 2019, and was further exacerbated by the COVID-19 pandemic in Lebanon (which began in February 2020), the 2020 Beirut port explosion and the Russian invasion of Ukraine. The country experienced liquidity shortages in the years ...
The economy of Lebanon has been experiencing a large-scale multi-dimensional crisis since 2019, [25] including a banking collapse, the Lebanese liquidity crisis and a sovereign default. [26] It is classified as a developing, lower-middle-income economy. The nominal GDP was estimated at $19 billion in 2020, [4] with a per capita GDP amounting to ...
The Russian invasion of Ukraine has had a broad range of humanitarian impacts, both in Ukraine and internationally. These include the Ukrainian refugee crisis, the disruption of global food supplies, death and suffering of civilian population, widespread conscription in both Russia and Ukraine, severe effects on Ukrainian society and emigration of Russian population.
The scheduled arrival Sunday of the first grain ship to leave Ukraine and cross the Black Sea under a wartime deal has been delayed, a Lebanese Cabinet minister and the Ukraine Embassy said. The ...
GENEVA (Reuters) -The U.N. human rights chief on Tuesday called on anyone with influence in the Middle East to seek to avert an escalation in hostilities between Israel and Hezbollah, as ...
Politics of Lebanon. Lebanon is a parliamentary democratic republic within the overall framework of confessionalism, a form of consociationalism in which the highest offices are proportionately reserved for representatives from certain religious communities. The constitution of Lebanon grants the people the right to change their government.
Lebanon’s prosecutor general decided a Syrian ship allegedly carrying Ukrainian grain stolen by Russia may leave a port in the country’s north, officials said Tuesday. The move came after an ...
United Nations Security Council Resolution 1701 is a resolution that was intended to resolve the 2006 Lebanon War.The resolution calls for a full cessation of hostilities between Israel and Hezbollah, the withdrawal of Israeli forces from Lebanon to be replaced by Lebanese and UNIFIL forces deploying to southern Lebanon, and the disarmament of armed groups including Hezbollah, with no armed ...