Diplomats fear the worst is yet to come in Lebanon as the financial and economic situations spiral out of control, and residents face difficulty obtaining their most basic needs, including bread. Lebanese officials are also raising the possibility of a government shakeup as Prime Minister Hassan Diab has failed to put an end to the deteriorating socio-economic situation.
The price of chicken has tripled and the price of bread has doubled since I last went shopping about 10 days ago. Lebanon is entering hyperinflation🙁
— Liz Sly (@LizSly) July 2, 2020
Hassan Diab’s government
.@KGeorgieva – Discussions with the Lebanese authorities are ongoing, but there is no breakthrough on an IMF financial assistance program yet. #Lebanon’s complex challenges call for unity among all stakeholders and decisive action to restore sustainable, inclusive growth. pic.twitter.com/ax8HAxQF3R
— IMF (@IMFNews) June 26, 2020
Al Arabiya English