If the government stops subsidising many essentials, Lebanon will head towards a new crisis. Could this new low be the spark for a revolution that ushers in a new political system?
The Arab country's economy will shrink by close to 10 percent in 2021, likely to rank in top 10, possibly top 3, most severe crisis episodes globally since mid-19th century, World Bank says.
We look at the human and financial cost of the war according to the data from UN bodies, international NGOs and Syrian civil society groups.
The state of emergency comes after the World Bank announced it would allocate $2 billion to Sudan, as the nation struggles to reintegrate into the international community.
Vaccine programs have sparked optimism and encouraged a revision of global growth projections for 2021 and onwards.
IMF Managing Director Kristalina Georgieva said that when the IMF releases its updated economic forecast next week, it will show the global economy growing at a faster pace than the 5.5 percent gain it projected at the start of the year.
Thousands of people took to the streets of central Beirut to demand a new independent government to lift Lebanon out of its deepening economic crisis.
There is mounting controversy in Lebanon that politicians are poaching scarce vaccine supplies for themselves and their families.
The Covid-19 pandemic has ravaged economies globally, but Pakistan has been on the receiving end of a boom that could continue until the end of this year.
The Investor-State Dispute Settlement process has gone against developing countries for far too long.
Dire projections by the World Bank, including a 19.2 percent drop in gross domestic product this year alone, come as Lebanon suffers its worst economic and financial crisis in its modern history, posing a threat to the country’s stability.
The World Bank had invested more than $12 billion in fossil fuels since 2015, according to a report by Urgewald, an environmental NGO based in Germany.
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