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TLX News

Real News. Real Fast. Real Independent.

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Lebanon Faces Reconstruction Challenge Amid Deep Financial Crisis

Lebanon is facing a massive challenge in the rebuilding of its war-ravaged landscape. The country remains in the middle of a deep financial crisis that worsened in 2019, the result of decades of corruption, mismanagement and poor leadership. In 2020, Lebanon defaulted on its debt and since then, its currency has lost over 90% of its value. Many people can no longer afford basic goods, and public services are collapsing.

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