Page 28 - Issue 34

ELITE Vol.1, issue 34, August 2021
Vol.1, issue 34, August 2021

Then came the great calamity of the "Israeli aggression against Lebanon" in 2006, which
targeted all infrastructure facilities in Lebanon systematically from the Israeli side and

destroyed ports, airports, technological communication networks, factories and electricity
networks, and Lebanon lost nearly $15 billion in this war.
The beirut port explosion deepened the economic crisis severely, as beirut port is the

main port in Lebanon, which provides about 72% of the imports and exports in Lebanon
and generates an annual income of about $270 million, and because of this explosion

there were losses of about $8.2 billion, according to the World Bank, directly affected the
Lebanese economy and accelerated its total collapse.

This time bomb, called the Lebanese crisis, exploded in March 2020 and with the impact
of the Corona epidemic crisis that hit all economic levels in Lebanon, the Lebanese

government announced that the state was unable to pay nearly $1.5 billion to euro Bund
bondholders issued in 1999, and was announced in the same year by the United Nations

that nearly 55% of Lebanese are below the poverty line, double the rate in 2019, and
became The lebanese citizen's situation is like a nightmare in the face of the problems of
poverty and unemployment suffered by the Lebanese people, and with renewed protests

and demonstrations, the resignation of the government repeatedly and the default of debts
of nearly $95 billion, the journey of the Lebanese state to fall in the abyss has come to an

end with the explosion of the health crisis in Lebanon due to the crisis of the Corona
epidemic.

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