{"id":60369,"date":"2020-07-10T00:00:00","date_gmt":"2020-07-10T00:00:00","guid":{"rendered":"https:\/\/www.beirut.com\/60369\/poverty-rate-expected-to-reach-75-in-lebanon-according-to-world-bank"},"modified":"2024-02-12T05:49:46","modified_gmt":"2024-02-12T05:49:46","slug":"poverty-rate-expected-to-reach-75-in-lebanon-according-to-world-bank","status":"publish","type":"post","link":"https:\/\/www.beirut.com\/en\/60369\/poverty-rate-expected-to-reach-75-in-lebanon-according-to-world-bank\/","title":{"rendered":"Poverty Rate Expected To Reach 75% In Lebanon, According To World Bank"},"content":{"rendered":"Due to the worsening economic crisis and the lira losing nearly 85% of its value, many Lebanese are moving closer to the brink of poverty.<br \/>  <br \/>    <blockquote class=\"twitter-tweet\"><p lang=\"en\" dir=\"ltr\">&#8220;The middle class will become wiped out. Where they will go, I don&#8217;t know.&#8221; &#8211; Sara Daouk, a 34-year-old professional in <a href=\"https:\/\/twitter.com\/hashtag\/Beirut?src=hash&#038;ref_src=twsrc%5Etfw\">#Beirut<\/a>. <a href=\"https:\/\/twitter.com\/hashtag\/Poverty?src=hash&#038;ref_src=twsrc%5Etfw\">#Poverty<\/a> set to deepen with Lebanon&#8217;s economic <a href=\"https:\/\/twitter.com\/hashtag\/crisis?src=hash&#038;ref_src=twsrc%5Etfw\">#crisis<\/a>: <a href=\"https:\/\/t.co\/JNGgllBJex\">https:\/\/t.co\/JNGgllBJex<\/a> via <a href=\"https:\/\/twitter.com\/AJENews?ref_src=twsrc%5Etfw\">@AJENews<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/economiccrisis?src=hash&#038;ref_src=twsrc%5Etfw\">#economiccrisis<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Lebanonprotests?src=hash&#038;ref_src=twsrc%5Etfw\">#Lebanonprotests<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/lebanon24?src=hash&#038;ref_src=twsrc%5Etfw\">#lebanon24<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Lebanon?src=hash&#038;ref_src=twsrc%5Etfw\">#Lebanon<\/a> \ud83c\uddf1\ud83c\udde7<\/p>\u2014 Anera (@ANERAorg) <a href=\"https:\/\/twitter.com\/ANERAorg\/status\/1222174734206500865?ref_src=twsrc%5Etfw\">January 28, 2020<\/a><\/blockquote> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>  <br \/>  <br \/>  According to a study conducted by the World Bank, more than 45% of Lebanese citizens are now living in poverty, and it is estimated that this rate could rise to 75%.<br \/>  <br \/>  Despite continuous governmental &#8220;efforts&#8221; to manage the currency crash (including injecting dollars into the market and setting a higher rate for specific transactions), it seems as though chaos is still prevailing as the parallel currency market continues to thrive.<br \/>  <br \/>  While Lebanon\u2019s embattled population is on the edge, officials have shown zero commitment to creating genuine reforms. Luckily, many heartwarming initiatives have stepped in and taken on the role of helping families in need and minimizing the economic impact of this difficult period on them. Here are a few:<br \/>  <br \/>  <B><a href=\"https:\/\/www.instagram.com\/lebfoodbank\/\" target=\"_new\" rel=\"noopener\">Lebanese Food Bank<\/a><\/b><br \/>  <br \/>  <iframe title=\"Embedded Instagram Post\" allowtransparency=\"true\" allowfullscreen=\"true\" frameborder=\"0\" height=\"532\" data-src=\"https:\/\/www.instagram.com\/p\/CCdd9Gvp8wr\/embed\/\" scrolling=\"no\" style=\"background: white; max-width: 540px; width: calc(100% - 2px); border-radius: 3px; border: 1px solid rgb(219, 219, 219); box-shadow: none; display: block; margin: 12px 0px 12px !important; min-width: 326px; padding: 0px;\"><\/iframe><br \/>  <br \/>  <B><a href=\"www.foodblessed.org\" target=\"_new\" rel=\"noopener\">Food Blessed<\/a><\/b><br \/>  <br \/>  <iframe title=\"Embedded Instagram Post\" allowtransparency=\"true\" allowfullscreen=\"true\" frameborder=\"0\" height=\"532\" data-src=\"https:\/\/www.instagram.com\/p\/CCYCIUgJGGX\/embed\/\" scrolling=\"no\" style=\"background: white; max-width: 540px; width: calc(100% - 2px); border-radius: 3px; border: 1px solid rgb(219, 219, 219); box-shadow: none; display: block; margin: 12px 0px 12px !important; min-width: 326px; padding: 0px;\"><\/iframe><br \/>  <br \/>  <a href=\"https:\/\/www.instagram.com\/bedayatilebanon\/\" target=\"_new\" rel=\"noopener\">Bedayati<\/a><\/b><br \/>  <br \/>  <iframe title=\"Embedded Instagram Post\" allowtransparency=\"true\" allowfullscreen=\"true\" frameborder=\"0\" height=\"532\" data-src=\"https:\/\/www.instagram.com\/p\/CCYYud3pc1I\/embed\/\" scrolling=\"no\" style=\"background: white; max-width: 540px; width: calc(100% - 2px); border-radius: 3px; border: 1px solid rgb(219, 219, 219); box-shadow: none; display: block; margin: 12px 0px 12px !important; min-width: 326px; padding: 0px;\"><\/iframe><br \/>  <br \/>  <b><a href=\"https:\/\/www.instagram.com\/makeadifferencelb\/\" target=\"_new\" rel=\"noopener\">Make A Difference<\/a><\/b><br \/>  <br \/>  <iframe title=\"Embedded Instagram Post\" allowtransparency=\"true\" allowfullscreen=\"true\" frameborder=\"0\" height=\"532\" data-src=\"https:\/\/www.instagram.com\/p\/CCVMLNUJIVP\/embed\/\" scrolling=\"no\" style=\"background: white; max-width: 540px; width: calc(100% - 2px); border-radius: 3px; border: 1px solid rgb(219, 219, 219); box-shadow: none; display: block; margin: 12px 0px 12px !important; min-width: 326px; padding: 0px;\"><\/iframe><br \/>  <br \/>  What other initiatives do you know of?<br \/>  <br \/>  More like this:<br \/>  <br \/>  <b><a href=\"https:\/\/www.beirut.com\/l\/60321\" target=\"_new\" rel=\"noopener\">Lebanon&#8217;s Annual Inflation Rate Soars To 510%<\/a><\/b><br \/>  <br \/>  <b><i>Editorial Purpose:<\/b> We are sharing this piece of content to give a voice to our people and possibly mobilize change.<\/i>","protected":false},"excerpt":{"rendered":"<p>Due to the worsening economic crisis and the lira losing nearly 85% of its value, many Lebanese are moving closer to the brink of poverty.<\/p>\n","protected":false},"author":0,"featured_media":435287,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_preview_accessed":0,"footnotes":""},"tags":[],"media-embed-type":[],"class_list":["post-60369","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"authorship":[110],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Poverty Rate Expected To Reach 75% In Lebanon, According To World Bank<\/title>\n<meta name=\"description\" content=\"Due to the worsening economic crisis and the lira losing nearly 85% of its value, many Lebanese are moving closer to the brink of poverty.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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