Lebanon's poverty rate tripled to 44%, with the North experiencing 70%, according to the World Bank's "Lebanon Poverty and Equity Assessment 2024".
Lebanon's poverty rate has tripled over the past decade, reaching 44% of the total population, according to a new World Bank report. The report, titled "Lebanon Poverty and Equity Assessment 2024: Weathering a Protracted Crisis", highlights the urgent need to target the poor and expand social assistance programs. Poverty is unevenly distributed, with the North of Lebanon experiencing a poverty rate as high as 70%. The crisis has forced households to cut back on food consumption, non-food expenses, and health expenditures, potentially leading to severe long-term consequences. Lebanon is grappling with years of economic meltdown and ongoing war in the south.
May 23, 2024
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