Displaying items by tag: financial instability

Vincent al-Boustani’s local council runs a tight ship. Staff and volunteers conduct 24/7 patrols, cameras monitor the streets, and motorcycles are banned after 9 pm. A policeman stands guard to provide security amid rising crime as the economy collapses and the crisis pushes more Lebanese into poverty. Protesters are targeting the ruling elite and banks that have frozen depositors out of their savings. Some banks have erected steel barriers to shield against attack, as the economy crumbles and fear of crime increases. Boustani believes things will get even worse, saying ‘That’s why we must remain alert, aware of danger as we go towards the unknown.’ This financial crisis has developed in Lebanon since 2019, more and more families can’t cope as the currency collapses and the state offers little or no help. Pray for God's peace to fill the streets as Lebanon faces enormous threats to stability.