Lebanon's economy is in freefall after the country failed to form a government.
Soldiers patrol streets as protesters block roads during a protest demanding "recovery government" as part of a 24-hour general strike against economical crisis and high cost of living in Beirut, Lebanon on June 17, 2021.Lebanon's armed forces need an immediate $100 million to cover its soldiers' basic needs, a general told CNBC, as a currency crisis pushes their salaries below the poverty line.
Haddad said each soldier needs "an additional bonus to help him cover his basic needs on a monthly basis for 12 months" — which should total around $90 million to $100 million, he said.after the country failed to form a government that could enact reforms and access crucial aid.
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