Author: tyre13

A European legal team on Friday wrapped up the first round of questioning of Lebanese bankers and current and former Central Bank officials in Beirut, officials in Lebanon said. The questioning is part of a probe on money laundering linked to Lebanon’s Central Bank governor. Lebanon is grappling with the worst economic and financial crisis in its modern history. The economic meltdown, which began in October 2019 and is rooted in decades of corruption and mismanagement by the country’s political class, has plunged more than 75% of the tiny nation’s population of 6 million into poverty. The European judicial delegation…

Lebanon’s first ever Integrated Food Security Phase Classification (IPC) Acute Food Insecurity Analysis predicts that the situation will deteriorate between January and April this year, with 2.26 million people – 1.46 million Lebanese residents and around 800,000 refugees – expected to be in the “crisis” phase or worse, needing urgent assistance. The results of the analysis were officially launched by Agriculture Minister Abbas Hajj Hassan, the Food and Agriculture Organization (FAO) Representative in Lebanon, Nora Ourabah Haddad, and World Food Programme (WFP) Country Director in Lebanon, Abdallah Al Wardat. UN Deputy Special Coordinator for Lebanon Imran Riza and other stakeholders…