UNITED NATIONS, Aug 26 (Reuters) – U.N. Secretary-General Antonio Guterres expressed deep concern on Thursday about the deteriorating socio-economic situation in Lebanon and called on all “political leaders to urgently form an effective government of national unity,” his spokesman said. A two-year-long financial meltdown hit a crunch point in Lebanon this month as fuel shortages paralysed much of the country, sparking chaos and numerous security incidents. The crisis has sunk the currency by more than 90%, forced more than half of Lebanese into poverty and frozen depositors out of their accounts. The World Bank has called it one of the sharpest depressions in modern times. Reporting by Michelle Nichols Editing by Chizu Nomiyama


Source:   Egypt Independent
August 26, 2021 15:56 UTC