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Asharq Al-Awsat

World

Asharq Al-Awsat

World Bank Accuses Lebanese Politicians of Cruelty over Deposit Promises

World Bank Lebanon

Lebanese protesters gather in front of the central bank building in Beirut amid an economic crisis on April 23, 2020. (AFP/Getty Images)

The World Bank has said that assertions by Lebanese politicians that deposits kept in the country's collapsed banking sector are sacred are "cruel" because they "flagrantly contradict the reality."

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 both deliberate and may be one of the three worst in modern times.

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