The destroyed port in Beirut
The impromptu special survey shows Lebanon’s total risk score downgraded further to less than 22 points out of a maximum 100, pushing the country deeper into the lowest of the five tiers containing the world’s worst default risks, to 164th out of 174 countries.
That puts it on a par with Yemen, Venezuela and Sudan in the global risk rankings:
Lebanon’s fall from grace is nothing short of dramatic for a country with such huge potential in a region where failed states are now becoming only too commonplace.
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