Wheat prices in Lebanon have been soaring amid an ongoing economic crisis. This is just one way the war on Ukraine has had a brutal impact on the Lebanese market. Unfortunately, government officials in Lebanon have resorted to subsiding wheat as a quick-fix solution. LIMS explains that subsidies are not the answer to residents being unable to afford some goods. Moreover, LIMS clarified that funding dedicated to subsidies will be misused, as incentives are tied to these programs. For instance, subsidized goods could be resold for higher prices in the international market or in the local black market. Still, it would be much more efficient to directly help Lebanese consumers through cash cards and preferably by implementing economic reforms, rather than subsidizing goods.
- Ships Leaving Ukraine Good For International Markets: Analyst, August 1, 2022: Al Jazeera, Article EN
- Graining Ground: Six Months Of Conflict In Ukraine, August 26, 2022: The New Arab, Radio Interview EN