Lebanon prepares plan to address losses from financial crash

Decades of profligate spending by the country's ruling elite sent the economy into a tailspin in late 2019, with depositors locked out of their accounts as debt-laden banks shut down.

A member of police walks near a burning tyre lit by demonstrators during a protest near Lebanon's Central Bank building in Beirut, Lebanon October 5, 2022.

(photo credit: REUTERS/Ahmed Al-Kerdi)

ByREUTERS

SEPTEMBER 25, 2025 15:24

Lebanon prepares plan to address losses from financial crash

Decades of profligate spending by the country's ruling elite sent the economy into a tailspin in late 2019, with depositors locked out of their accounts as debt-laden banks shut down.

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Lebanon prepares plan to address losses from financial crash

Decades of profligate spending by the country's ruling elite sent the economy into a tailspin in late 2019, with depositors locked out of their accounts as debt-laden banks shut down.

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