Lebanon’s rising power cuts add to gloom of economic crisis

  • Date: 07-Jul-2020
  • Source: Ahram
  • Sector:Economy
  • Country:Lebanon
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Lebanon’s rising power cuts add to gloom of economic crisis

Lebanese are buying candles in bulk, turning to traditional kerosene lamps and throwing away rotten food because of prolonged power cuts that plunged the country into darkness this week, adding to the gloom of a deepening economic crisis.

The country's electricity company and the powerful operators of generators had been rationing power since late June as fuel supplies dwindle amid uncertainty over the next shipment.

``At home I can live with the candle, but in my clinic what can I do?'' said Salim Abi Saleh, a gynecologist and the head of the physicians union in the northern city of Tripoli.

Lebanon has been shaken by a severe economic and financial crisis, made worse in recent months by the coronavirus and lockdown restrictions. The financial crisis features a collapse of the local currency, which lost more than 80% of its value, and severe shortage of dollars _ dramatically impacting the country's ability to import basic goods.

Fuel imports are subsidized, but lack of foreign currency was making it harder to secure resources. Government officials have promised new fuel shipments, including one due to arrive Tuesday.

But residents in parts of Lebanon reported nearly 20 hours of power cuts since last week.