Lebanon's Poverty Rate Triples Over Decade Amid Financial Crisis

World Bank report shows significant economic decline, with stark regional and demographic disparities.

Poverty in Lebanon rose from 12% in 2012 to 44% in 2022, according to the World Bank.
The financial crisis starting in 2019 led to currency collapse, high inflation, and GDP plummet.
Poverty rates varied widely, declining in Beirut but soaring in the Akkar region.
Lebanese citizens' poverty rate was 33%, while Syrian refugees' rate was 87%.
Efforts to reform the banking sector and secure IMF support have made limited progress.