In a periodic report, published every year, the World Bank revealed that the economic crisis in Lebanon is among the worst in the world.

The World Bank also stated in a report that "there is no clear turning point on the horizon for the crisis in Lebanon. Failure to implement rescue policies threatens already deteriorating social and economic conditions."

The Bank continued: "The economic and financial crisis in Lebanon is among the 10 most severe and perhaps one of the 3 most severe in the world since the mid-nineteenth century."

The report points out that "Lebanon is sinking towards the three worst crises the world has ever seen, and the social impact of the crisis is likely to quickly become tragic, as financial and monetary turmoil significantly drives the circumstances of the crisis through the interaction between the exchange rate, inflation and the monetary mass in a narrow sense."

Lebanese banks reportedly blocked customers' access to their deposits and prevented them from transferring money abroad after a financial crisis exploded in late 2019, and were ranked among the most profitable banks in the world.