Lebanon is a country that is on everyone’s minds and mouths right now. That is because of the devastating blast that occurred in the Beirut, and claimed hundreds of lives. The horrific scenes were caught on camera two days ago, and the aftermath didn’t look very different from Hiroshima or Nagasaki. The explosion was caused by the 2750 tons of ammonium nitrate, which was stored unsafely in a warehouse.
Lebanon is in crisis in several disciplines at the moment. The port area, where the explosion happened, is completely destroyed. This has made the usage of the port to a full-time halt. Lebanon was already in an economic crisis due to the pandemic. A large number of people were affected and were pushed into poverty, which resulted in anti-government protests. According to the IMF, Lebanon has the fourth-highest debt in the world – 162 percent of GDP in 2020.
Take a look at the rising debt of Lebanon from the last five years and the estimation in the next year.
Infographic by: statista.com