Aid Millions Wasted in Lebanese Currency Collapse

Author(s)
Newsom, N.
Publication language
English
Date published
24 Mar 2021
Type
Blogs
Keywords
Comms, media & information, Development & humanitarian aid

Millions of dollars in aid to Lebanon are being lost in currency exchange as inflation soars out of control, but internal UN documents and interviews with officials suggest that fixing the problem faces political and logistical hurdles, and could even spark violence. 

Just under $500 million in cash aid is set to be given to Syrian refugees, Palestinian refugees, and an increasing number of Lebanese citizens in 2021. Given by UN agencies and NGOs instead of food or shelter, this assistance comes in the form of regular payments, often delivered on debit cards or vouchers.