Lebanon Can’t Fix Its Economic Crisis Without Outside Help

Last year, Lebanon was thrown into economic turmoil as its long-standing energy crisis worsened even further, leading to prolonged blackouts and severe fuel shortages. A year on, Lebanon has managed to avoid a civil war but continues to battle with extreme energy shortages and a failed economy. In 2021, the World Bank identified Lebanon’s economic crisis as “one of the top ten, possibly top three most severe economic collapses worldwide since the 1850s”.

So, is there any hope of a rebound?  Last October, Lebanon’s fuel…