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Lebanon faces a critical juncture as its new government, led by Prime Minister Nawaf Salam, pledges to "rescue, reform, and rebuild" amid a severe economic crisis marked by an $80 billion banking sector deficit and a 90% currency devaluation since 2019. Experts emphasize the need for transparency, independent audits, and legislative reforms to restore trust and attract international aid, while addressing the influence of Hezbollah as a significant barrier to progress. The Depositors’ Union insists on accountability for financial elites and prioritizing depositors' rights in any recovery plan.
Mohammad Farida
People
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lebanon faces economic crisis amid calls for reforms and accountability
08:46 02.03.2025
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