Lebanon will run out of money to fund basic imports by the end of May and delays in launching a plan to reduce subsidies are costing $500 million a month, says its caretaker finance minister, Ghazi Wazni
Lebanon’s financial meltdown is fuelling hunger and unrest in the country’s gravest crisis since its 1975–1990 civil war.
Meanwhile, foreign reserves are draining away faster than officials are making serious moves to ration the money left, back key imports and help the most vulnerable.
