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Lebanon launches ration card program, but where's the cash? | DW | 10.12.2021
This DW.com report on Lebaon describes the launch of ration card program to help Lebanese families caught in poverty with the economic collapse there. Families will receive $126 per month for one year in $556 million economic package to benefit 700,000 families. The funding backing for this project is needed from the World Bank. This report says about half of the people in Lebanon now live in poverty in one of the Middle East's once affluent regions. Since the economic crisis in 2019 DW.com says poverty levels have increased by 80%, local currency lost 90% of its value, and foreign exchange reserves decreased by $15 billion.
Lebanon is a clear example of how mismanagement of the economy and political conflicts can ruin a country's prospects, with the sudden economic collapse bringing poverty and severe distress.
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