Lebanon Still Facing Financial Crisis, One Month After Massive Explosion – Thetcanada

Lebanon is in the throes of its worst financial crisis since its independence in 1943, observers say, and the Beirut port explosion in early August has only compounded its woes. Public debt amounts to more than 150% of GDP and is among the highest in the world. Audits of the central bank are ongoing, but experts say it will be a challenge to get the country’s financial house in order  

 

Alain Bifani, Lebanon’s former director general of the Finance Ministry, resigned in June over the…