Why is Lebanon’s economy in crisis?

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The video item below is a piece of English language content from France 24. France 24 is a French state-owned international news television network based in Paris.

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  • In a televised speech after his nomination, Lebanese Prime Minister Adib vowed to swiftly launch a reformist government and seek international financial assistance after the August 4 Beirut blast deepened the country’s political and economic crisis.

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    In This Story: Beirut

    Beirut is the capital and largest city of Lebanon. No recent population census has been conducted, but 2007 estimates ranged from slightly more than 1 million to 2.2 million as part of Greater Beirut, which makes it the third-largest city in the Levant region and the fifteenth-largest in the Arab world.

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  • In This Story: France

    France is a republic and the largest Western European nation. Through expansion and colonisation in the 17th and 18th centuries France became a great power and still retains territories around the world. It has a seat on the UN security council and is the world’s fourth most wealthy country with a high standard of living and strong cultural identity.

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  • In This Story: Lebanon

    Lebanon, officially known as the Lebanese Republic, is a country in the Levant region of Western Asia, and the transcontinental region of the Middle East.

    The official language, Arabic, is the most common language spoken by the citizens of Lebanon. Its capital is Beirut.

    Lebanon was a founding member of the United Nations in 1945 and is a member of the Arab League (1945), the Non-Aligned Movement (1961), Organisation of the Islamic Cooperation (1969), and the Organisation internationale de la francophonie (1973).

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