Editing Economy of Lebanon (section)

== Corruption ==
{{Main|Corruption in Lebanon}}
According to NGO [[Transparency International]] Lebanon ranks 138th out of 180 countries surveyed in the [[Corruption Perceptions Index]]. A poll<ref name="TI poll">{{cite web |url=https://issuu.com/transparencyinternational/docs/2016_gcb_mena_en?e=2496456/35314511 |title=PEOPLE AND CORRUPTION: MIDDLE EAST & NORTH AFRICA SURVEY 2016 |date=3 February 2019 |publisher=Transparency international |pages=9–13}}</ref> conducted by Transparency International in 2016 indicated that 92% of Lebanese thought that corruption had increased that year. Additionally, 67% of the respondents indicated that they believed that the majority of the political and economical elites were corrupted, and 76% indicated that the government was doing poorly when it came to fighting corruption.<ref name="TI poll" />

As of July 2020, [[Riad Salamé]], governor of [[Banque du Liban]] (the country's central bank) since 1993, has had his assets frozen, and is facing an October hearing accused of the embezzlement of central bank assets, and the mismanagement of public funds.<ref name="OCCRP">{{cite news |last1=Ameen |first1=Hazem |last2=Ibrahim |first2=Alia |title=Lebanon's Offshore Governor |url=https://www.occrp.org/en/investigations/lebanons-offshore-governor |access-date=12 August 2020 |work=OCCRP |date=11 August 2020}}</ref><ref>{{Cite web|url=https://www.reuters.com/article/lebanon-crisis-cenbank-salameh-idUSL5N2ER3ZH|title=Lebanese judge orders 'protective freeze' on assets of c.bank governor|date=20 July 2020|publisher=Reuters}}</ref>

The already suffering country was struck by a [[2020 Beirut explosion|huge explosion]] on 4 August 2020. The explosion devastated the Port of Beirut and destroyed many houses, leaving almost 300,000 people homeless. This explosion has led to the demolition of the country's main harbor that was used to import food.<ref>{{Cite web|first1=Havovi|last1=Cooper|first2=Mark|last2=Abadi|title=Lebanon was already in financial crisis before the explosion in Beirut – and now experts are predicting devastating consequences|url=https://www.businessinsider.com/beirut-lebanon-explosion-financial-crisis-economy-2020-8|access-date=2020-10-01|website=Business Insider}}</ref>