Wold Bank warns of risks amid Lebanon protests, urges new cabinet within a week
Lebanese demonstrators gather outside a branch of the Central bank during ongoing anti-government demonstrations in Lebanon's southern city of Sidon on November 8, 2019.
"We are very concerned that this will impact the Lebanese poor people, middle class" and businesses, he said. The banks subsequently have been imposing irregular capital controls to protect deposits and prevent a run on the banks.Also on Friday, Lebanese school and university students continued their third day of protests calling for a change of the country's ruling system.
Protesters called on toppling the current regime and holding Lebanese officials accountable for mismanagement and corruption. Around her, students waved Lebanese flags, as others set off yellow, green, blue and purple flares into the sky.Another poster in rhyming Arabic said, "No studying or teaching until the president falls."
Protesters are calling for the formation of a technocrat government that would get to work immediately on addressing Lebanon's economic crisis.
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