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Reuters
Reuters
Politics

World Bank accuses Lebanese politicians of cruelty over deposit promises

FILE PHOTO: A participant stands near a logo of World Bank at the International Monetary Fund - World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, October 12, 2018. REUTERS/Johannes P. Christo

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.

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