Tag Archives: bank

Poverty in Lebanon tripled over the course of a decade during which the small Mediterranean country slid into a protracted financial crisis, the World Bank said Thursday. The percentage of people in Lebanon living below the poverty line rose from 12% in 2012 to 44% in 2022, the bank said in a report based on surveys conducted in five of …

Half of the world’s 75 poorest countries are experiencing a widening income gap with the wealthiest economies for the first time this century in a historical reversal of development, the World Bank said in a report on Monday. The differential between per capita income growth in the poorest countries and the richest has widened over the past five years, according …