Famine looms in Sri Lanka. The number of people in need doubled over the past six months, the United Nations reports. Two-thirds of Sri Lankan families say they cannot meet their household food needs.
Japanese Prime Minister Fumio Kishida has tested positive for COVID-19, forcing him to cancel a planned trip to Tunisia to attend a key conference on African development, a person close to him said on Sunday.
Lebanon desperately needs foreign funding to avoid total collapse. However, to unlock that funding, it has to remove subsidies on wheat.
The World Bank extends one more year of financial aid to Lebanon despite political bickering. Directors warn Lebanon’s leaders must take urgent action to save the country.
Deepening discontent in Lebanon casts a shadow over upcoming elections. In a recent survey, only 50-percent of Lebanese said they were likely to vote.
Lebanon prepares to hold parliamentary elections on March 27. The announcement comes as much of the country deals with rolling blackouts. Anger over the economic collapse led to protestors damaging the state electric company’s equipment.
The World Bank says Lebanon’s financial disaster is the worst since 1850. The country, which many have begun calling a failed state, needs help from the International Monetary Fund. But the government must start meeting again before a deal can be struck.
France is hosting its third global conference in twelve months today to raise funds for Lebanon. In partnership with the United Nations, France hopes to secure more than $350 million in humanitarian aid on the first anniversary of the tragic Beirut blast.
If you’ve been watching Lebanon lately, you know how bad it’s gotten. For example, it’s been nine months since the government quit following the Beirut blast. Caretaker officials still cannot agree on who should take over the country.
World Bank says COVID-19 has impacted food security for vulnerable homes in almost every country.
Seven months ago, the World Health Organization declared a COVID-19 pandemic. Severe challenges persist to this day as the World Bank and International Monetary Fund gather virtually for an annual meeting. The global economic recovery is fragile at best, Financial Times reports. Another wave of infections […]
Half of the world’s poor live in just five countries–India, Bangladesh, Nigeria, Democratic Republic of the Congo, and Ethiopia–according to World Bank, an international banking organization.
