World Bank accuses Lebanese politicians of cruelty

Published by
Al-Araby

The World Bank accused Lebanese politicians of being cruel by asserting that deposits in the country’s collapsed banking sector are sacred, saying such slogans “flagrantly contradict the reality” in a report on Wednesday. Lebanon is in the third year of a financial meltdown that has left eight in ten people poor and which the World Bank says is deliberate and may be one of the three worst in modern times. The new report marked the second time this year the World Bank has berated Lebanon’s ruling politicians, having accused them in January of “orchestrating” the country’s catastrophic economic …

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