UN: over next 8 months around $300 million needed to provide vital aid to around 1.5 million Lebanese & 400,000 migrant workers living there as economic crisis worsens #Lebanon ; Since April 2019 consumer Price Index increased more than 208%; price of food and beverages by 670 %
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UN: The crisis in the economy, the currency devaluation, as well as the governance vacuum has meant a breakdown of public services at a time when they are most needed; pandemic worsened a situation which was already fragile
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UN: intl confidence hit by failure to form functioning Govt, deterring investors, exacerbating failure of banking system &other public institutions. Extreme poverty rose threefold during past 2 years.
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UN: More and more #Lebanon households unable to afford basic services like food, health, electricity, water, internet, and child education.
The country is in the middle of a phase of hyperinflation, eroding the value of the national currency, people’s purchasing power
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