The World Bank released another report on Lebanon’s dire economic crisis today, a day before the two-year anniversary of the Beirut port explosion.
The DC-based institution titled its Lebanon Public Finance Review “Ponzi Finance?” referring to the Ponzi fraud scheme whereby new investors are paid with funds from old investors. The report began with a “message” to the Lebanese people in English, Arabic and French. In the message, the World Bank called Lebanon’s crisis “deliberate."
