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Lebanon Faces Medicine Shortages, Stocks Won’t Last More than a Month

A man counts US dollar banknotes next to Lebanese pounds at a currency exchange shop in Beirut, Lebanon April 24, 2020. (Reuters)
A man counts US dollar banknotes next to Lebanese pounds at a currency exchange shop in Beirut, Lebanon April 24, 2020. (Reuters)
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Lebanon Faces Medicine Shortages, Stocks Won’t Last More than a Month

A man counts US dollar banknotes next to Lebanese pounds at a currency exchange shop in Beirut, Lebanon April 24, 2020. (Reuters)
A man counts US dollar banknotes next to Lebanese pounds at a currency exchange shop in Beirut, Lebanon April 24, 2020. (Reuters)

Since March, the Lebanese have been suffering from the shortage of a number of medicines, especially those for chronic diseases, for intermittent periods that used to reach 15 days.

Today, obtaining some medications requires a tour of a number of pharmacies and promises to secure them after periods that may exceed a month.

“This is due to some citizens resorting to stockpiling medicine for fear of interruption or increase of prices in the event that Lebanon’s Central Bank stops subsidizing this sector,” Mahdi, the manager of a pharmacy in Beirut, told Asharq Al-Awsat.

The Central Bank, which provides credit lines to importers of wheat, fuel and medicine, at the official dollar rate, which is still fixed at LBP 1,515, announced that at the end of 2020, it would no longer be able to continue to subsidize these materials in light of the shrinking reserves of foreign currencies.

Mahdi asserts that in June and July, many customers “have sought to buy stocks for a whole year.”

Some pharmacies “used to provide the patient with the quantities he requested, but the distributing companies recently determined the quantities that they give to each pharmacy based on its usual monthly need,” he noted.

The head of the Pharmacists Syndicate, Ghassan Al-Amin, told Asharq Al-Awsat that the panic caused by the Central Bank’s announcement of its inability to continue subsidizing fuel, wheat and medicine after the end of 2020 prompted the Lebanese to stockpile medications, especially since they know that lifting the subsidy means that the drug price will be linked to the dollar valuation in the black market.

The prices will increase by five, based on the current dollar exchange rate in the black market, according to Al-Amin.

He noted that the problem further worsened “with the slow import movement due to the Central Bank’s mechanism to open credit lines for importers based on the official exchange rate.”

Al-Amin stressed that the stock of medicine in warehouses, which used to last for six months, is now insufficient for more than one and a half months, warning of a real disaster that will affect the citizens after the subsidy is lifted.

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Reconstruction Studies Begin in Lebanon, Costs Exceed $6 Billion

A man walks past near the rubble of a building in Beirut's southern suburbs, after the ceasefire between Israel and Hezbollah, Lebanon November 29, 2024. REUTERS/Thaier Al-Sudani
A man walks past near the rubble of a building in Beirut's southern suburbs, after the ceasefire between Israel and Hezbollah, Lebanon November 29, 2024. REUTERS/Thaier Al-Sudani
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Reconstruction Studies Begin in Lebanon, Costs Exceed $6 Billion

A man walks past near the rubble of a building in Beirut's southern suburbs, after the ceasefire between Israel and Hezbollah, Lebanon November 29, 2024. REUTERS/Thaier Al-Sudani
A man walks past near the rubble of a building in Beirut's southern suburbs, after the ceasefire between Israel and Hezbollah, Lebanon November 29, 2024. REUTERS/Thaier Al-Sudani

As Lebanese return to their ruined cities and villages after the ceasefire between Hezbollah and Israel, the main question on their minds is: “When will reconstruction begin, and are the funds available, and if so, where will they come from?”

Unlike the aftermath of the 2006 war, which saw funds flow in automatically, the situation now is different.

The international conditions for reconstruction may be tougher, and Lebanon, already struggling with a financial and economic collapse since 2019, will not be able to contribute any funds due to the severity of the recent war.

Former MP Ali Darwish, a close ally of Prime Minister Najib Mikati, said a plan for reconstruction would likely be ready within a week.

The plan will identify the committees to assess damage, the funds for compensation, and whether the South Lebanon Council and Higher Relief Commission will be involved.

Speaking to Asharq Al-Awsat, Darwish explained that the matter is being discussed with international partners, and more details will emerge soon.

He added that the process is unfolding in stages, beginning with the ceasefire, followed by army deployment, and eventually leading to reconstruction.

To reassure its supporters, many of whom have lost their homes and been displaced, Hezbollah promised before the ceasefire that funds were ready for reconstruction.

Sources close to the group say Iran has set aside $5 billion for the effort, with part of it already available to Hezbollah and the rest arriving soon.

Political analyst Dr. Qassem Qassir, familiar with Hezbollah’s operations, said a reconstruction fund would be created, involving Iran, Arab and Islamic countries, international partners, religious leaders, and Lebanese officials.

He added that preparatory work, including committee formations and studies, has already begun.

However, many affected people are hesitant to start rebuilding, wanting to ensure they will be reimbursed.

Some reports suggest that party-affiliated groups advised not making repairs until damage is properly documented by the relevant committees. Citizens were told to keep invoices so that those who can pay upfront will be reimbursed later.

Ahmad M, 40, from Tyre, told Asharq Al-Awsat he began repairing his damaged home, paying extra to speed up the process. The high costs of staying in a Beirut hotel have become unbearable, and he can no longer wait.

Economist Dr. Mahmoud Jebaii says that accurate estimates of reconstruction costs will depend on specialized committees assessing the damage. He estimates the cost of destruction at $6 billion and economic losses at $7 billion, bringing total losses from the 2024 war to around $13 billion, compared to $9 billion in 2006.

Speaking to Asharq Al-Awsat, Jebaii explained that the 2024 destruction is much greater due to wider military operations across the south, Bekaa, and Beirut.

About 110,000 housing units were damaged, with 40,000 to 50,000 completely destroyed and 60,000 severely damaged. Additionally, 30 to 40 front-line villages were entirely destroyed.

Jebaii emphasized that Lebanon must create a clear plan for engaging the Arab and international communities, who prefer reconstruction to be managed through them.

This could involve an international conference followed by the creation of a committee to assess the damage and confirm the figures, after which financial support would be provided.

He added that Lebanon’s political system and ability to implement international decisions will be key to advancing reconstruction.