Lebanon to end subsidies and introduce cash cards (Anchal Vohra, ORF)

September 16, 2021

Lebanon’s new government is expected to lift all subsidies by the end of this month. Over the last two years, Lebanon’s economy collapsed, and the state went bankrupt. Early August, the Governor of Lebanon’s Central Bank, Riad Salameh, said that the state could no longer afford subsidies as the country’s foreign reserves have severely depleted. The decision was opposed by the caretaker government. But, last week, as Lebanon’s political factions finally formed a new government, Prime Minister Najib Mikati endorsed the lifting of subsidies as an unpleasant but necessary step to lead the country towards economic recovery.

Lebanon to end subsidies and introduce cash cards | ORF (orfonline.org)

Marco Emanuele

Marco Emanuele è appassionato di cultura della complessità, cultura della tecnologia e relazioni internazionali. Approfondisce il pensiero di Hannah Arendt, Edgar Morin, Raimon Panikkar. Marco ha insegnato Evoluzione della Democrazia e Totalitarismi, è l’editor di The Global Eye e scrive per The Science of Where Magazine. Marco Emanuele is passionate about complexity culture, technology culture and international relations. He delves into the thought of Hannah Arendt, Edgar Morin, Raimon Panikkar. He has taught Evolution of Democracy and Totalitarianisms. Marco is editor of The Global Eye and writes for The Science of Where Magazine.

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