Lebanon explosion: What Beirut needs to recover - CARE
FIGHT COVID-19: Families already in crisis are now threatened by COVID-19. Donate now to provide hand washing stations and hygiene kits to help save lives >>

Lebanon explosion: What Beirut needs to recover

As Lebanon recovers from a deadly explosion in its capital city, Beirut, much of the country has a serious request for the world: Please, whatever you do, don’t give aid money to our government.

The reason is few trust Lebanon’s leaders to use such funds wisely. They mismanaged the economy for decades with a Ponzi-like scheme that whisked away the hard-earned money of Lebanese people from banks to keep the government afloat and line the pockets of those in charge. The troubled policy screeched to a halt after the country’s banks simply ran out of cash last year, meaning Lebanese workers lost savings they’d stored in accounts and expected to be available when needed.

Read full article on UpNewsInfo