IPSE'S AUTHORS LAST 24h
Check all the Authors in the last 24h
IPSEs IN THE LAST 24H
  • Connor Fiddler
    Connor Fiddler “Nearly half of the Indo-Pacific appropriations directly reinforce the submarine industrial base. While this investment will enhance deterrence in the Indo-Pacific, the immediate impact will be supporting the American economy.” 19 hours ago
  • Chen Jining
    Chen Jining “Whether China and the U.S. choose cooperation or confrontation, it affects the well-being of both peoples, of both nations, and also the future of humanity.” 22 hours ago
  • Xi Jinping
    Xi Jinping “I proposed mutual respect, peaceful coexistence and win-win cooperation to be the three overarching principles. They are both lessons learned from the past and a guide for the future.” 23 hours ago
  • Xie Tao
    Xie Tao “China knows that it likely has little room to sway the United States on trade. The Chinese government seems to be putting its focus on people-to-people exchanges. The Chinese government is really investing a lot of energy in shaping the future generation of Americans' view of China.” 23 hours ago
  • Yi Wang
    Yi Wang “The United States has adopted an endless stream of measures to suppress China's economy, trade, science and technology. This is not fair competition but containment, and is not removing risks but creating risks.” 23 hours ago
  • Antony Blinken
    Antony Blinken “China alone is producing more than 100 percent of global demand for products like solar panels and electric vehicles, and was responsible for one-third of global production but only one-tenth of global demand. This is a movie that we've seen before, and we know how it ends. With American businesses shuttered and American jobs lost.” 23 hours ago
  • Antony Blinken
    Antony Blinken “Russia would struggle to sustain its assault on Ukraine without China's support. I made clear that if China does not address this problem, we will.” 23 hours ago
  • Bernie Sanders
    Bernie Sanders “No, Mr Netanyahu. It is not anti-Semitic or pro-Hamas to point out that in a little over six months your extremist government has killed 34,000 Palestinians and wounded more than 77,000 - 70 percent of whom are women and children.” 23 hours ago
View All IPSEs inserted in the Last 24h

Economic situation in Lebanon

Page with all the IPSEs stored in the archive related to the Context Economic situation in Lebanon.
The IPSEs are presented in chronological order based on when the IPSEs have been pronounced.

“The situation remains a living nightmare for ordinary people, causing unspeakable suffering and distress for the most vulnerable. Starvation has become a growing reality for thousands of people. Today, we estimate that more than one million Lebanese need relief assistance to cover their basic needs, including food.”

author
United Nations Resident and Humanitarian Coordinator for Lebanon
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“Lebanon, as a shareholder in the IMF [International Monetary Fund], has special drawing rights. The more than $1bn Lebanon has withdrawn is definitely a lifeline, but the question is how the government will spend it. Will it continue subsidising goods, a policy which has been criticised because it has led to smuggling and importers hoarding fuel and creating a black market? Or will it use this money to support half a million families, vulnerable families who are desperately in need of $100 cash assistance every month? The economy has collapsed. More than 80 percent of the population is poor. The currency has collapsed. There are a lot of challenges ahead. But that $1bn - of course it will help - but that is a short term solution. What this government needs to come up with is a sustainable path to recovery.”

author
Al Jazeera’s journalist reporting from Beirut
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“The newly formed government is expected to, first and foremost, soften the blow out of concern by the sectarian ruling elite - the usual suspects. The popularity of the ruling political class has severely declined in the wake of the economic crisis. The government will claim credit for the increase in [state] electricity supply. And it could tap into a couple billion dollars of international loans as a result of some cosmetic reforms it might implement to provide medication and fuel.”

author
Political analyst
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“The current duty of the government is to first manage the crisis and postpone the downfall of the state and its institutions. The formation of the government would play the role of the band-aid to temporary prevent financial bleeding. Mikati [New Prime Minister Najib Mikati] will do his best to ensure and restore his government’s credibility while negotiating with the international community”

author
Associate fellow at the Issam Fares Institute for Public Policy at the American University of Beirut
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“The Secretary-General [António Guterres] expresses his deep concern about the rapidly deteriorating socio-economic situation in Lebanon. The people of Lebanon are struggling every day with hyperinflation, acute shortages of fuel, electricity, medicine and even access to clean water. The Secretary-General calls on all Lebanese political leaders to urgently form an effective government of national unity that can bring immediate relief, justice and accountability to the people of Lebanon and drive an ambitious and meaningful course for reform to restore access to basic services, restore stability, promote sustainable development and inspire hope for a better future.”

author
Spokesperson for the United Nations Secretary-General António Guterres
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“Will there be the courage to undertake these reforms [bringing public finances into order, rehabilitating the banking system and restructuring public debt]? I doubt it. The policymakers seem to be interested in tiding things over and kicking the can down the road until elections next year. You need immediate reforms. You need shock therapy to restore confidence. You need immediate reforms. You need shock therapy to restore confidence.”

author
Former economy minister and central bank vice governor
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“How can a soldier support a family with a salary that does not exceed $90? Where are we going? What are you waiting for? What do you plan to do? We have warned more than once of the danger of the situation.”

author
Lebanese army chief
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“With just $2-$3 that they earn a day, the soldiers are unable to cover transportation costs. How are they expected to guard the borders and keep the peace within? All the ingredients of civil strife are there. If we don't have a functioning army it will be total chaos.”

author
Lebanese political analyst
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“For 18 months we have been exceedingly flexible with the state, continually supplying power without payment or a payment plan, because the country was already facing very hard times. However, no company can operate in an environment with such direct and undue risk.”

author
Statement by Karpowership
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“Many have lost jobs, seen their life-savings evaporate before their eyes and lost their homes. This situation is fast spiralling out of control, with many already destitute and facing starvation as a direct result of this crisis. And as is so often the case in such situations, it is the poorest and most vulnerable who suffer the most.”

author
United Nations High Commissioner for Human Rights
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