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News Articles: Economic Crisis

Wasseem Jday, 31, is unemployed and splits his time between his sister's home and his parents'.

Tunisians are voting in an election critics say could cement a return to autocracy

In Tunisia, 12 years after the revolution, citizens are still asking, "How do you expect me to make a living?"

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By:
  • Leila Fadel,
  • Taylor Haney,
  • and 2 more
World Bank senior mission chief Peter Breuer, right, speaks with Masahiro Nozaki, mission chief for Sri Lanka, by his side during a media conference in Colombo, Sri Lanka, Thursday, Sept. 1, 2022.

IMF set to provide $2.9 billion to help crisis-hit Sri Lanka

The International Monetary Fund will provide Sri Lanka $2.9 billion over four years to help salvage the country from its worst economic crisis under a preliminary agreement the agency announced

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By:
  • The Associated Press
Bassam al-Sheikh Hussein looks through the bank's window in Beirut, Lebanon during the hostage standoff on Thursday. He surrended after several hours of negotiations in exchange for a portion of his savings.

A man who held up a bank demanding his own money becomes an unlikely hero

Many in Lebanon can't access their life savings because of the economic crisis. A hostage-taker in Beirut surrendered in exchange for some of his funds, which he needed for his father's medical bills.

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By:
  • Rachel Treisman
A baby receives care in the neonatal intensive care unit of the government hospital in Tripoli, Lebanon. Because of the lack of prenatal care amid the country's massive economic crisis, medical staff members say more newborns are born sick and weak. From time to time, when parents don't have the funds to pay for additional care, they go home — and leave their infant stranded at the hospital.

Lebanon's hospitals are running out of medicine and staff in ongoing economic crisis

Hospitals are running out of medicines. Staff members are leaving. And some parents will even leave a newborn stranded in the intensive care unit if they can't afford the fees for additional care.

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By:
  • Arezou Rezvani
A student monk representing Inter University Students Federation shouts slogans during an anti government protest in Colombo, Sri Lanka, Thursday, May 19, 2022. Sri Lankans have been protesting for more than a month demanding the resignation of President Gotabaya Rajapaksa, holding him responsible for the country's worst economic crisis in recent memory.

Sri Lanka closes schools and limits work to combat fuel shortage

Sri Lankan authorities closed schools and asked public officials not to come to work in a desperate move to prepare for an acute fuel shortage during the nation's worst economic crisis in decades.

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By:
  • The Associated Press