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Poverty in Lebanon tripled over a decade, World Bank says

BEIRUT (AP) — Poverty in Lebanon tripled over the course of a decade during which the small Mediterranean country slid into a protracted financial crisis, the World Bank said Thursday. The percentage of people in Lebanon living below the poverty line rose from 12% in 2012 to 44% in 2022, the bank said in a report based on surveys conducted in five of the country’s eight governorates. The data provided the most detailed snapshot to date on the ec…

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Beirut (Al-Ittihad) The World Bank announced that the poverty rate in Lebanon has more than tripled over the past decade to include 44 percent of the population. In a report published yesterday, the Bank stated that poverty affected one in three Lebanese, while the country has been facing a severe economic crisis since 2019 and an escalation in the south. The report, which was based on a household survey of 60% of the population in the governora…

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Winnipeg Free Press broke the news in Winnipeg, Canada on Thursday, May 23, 2024.
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