70% of Lebanese Unable to Buy Medicine


Sample of medicine produced in Lebanon - Asharq Al-Awsat
Sample of medicine produced in Lebanon - Asharq Al-Awsat
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70% of Lebanese Unable to Buy Medicine


Sample of medicine produced in Lebanon - Asharq Al-Awsat
Sample of medicine produced in Lebanon - Asharq Al-Awsat

Head of Lebanon’s parliamentary health committee Asem Araji confirmed that 70% of Lebanese people could not buy medicine after lifting subsidies and the sharp increase in prices.

The hike in prices prompted angry activists to protest in front of the Ministry of Health on Thursday.

Lebanese authorities had decided to lift the subsidy for chronic diseases medicines partially.

The move came in light of a high exchange rate of the dollar on the black market coupled with the depletion of hard currency reserves at the Central Bank of Lebanon, which used to provide dollars to import these medicines.

“The subsidy was set according to certain conditions, but due to the collapse of the Lebanese pound, prices rose frighteningly,” said Araji after a meeting with Prime Minister Najib Mikati.

“70% of the Lebanese are unable to buy medications, which is why we asked for a meeting with Mikati and told him that this issue was not acceptable, and we discussed a number of solutions,” revealed Araji.

“We proposed increasing the funds allocated to medications in dollars, and this will be discussed in a meeting between Mikati, the Health Minister, and the Central Bank Governor,” he added.

“We proposed that pharmaceutical companies be paid in Lebanese pounds according to Sayrafa platform, thus saving 20 % of the medication price, and starting today, generic drugs must be purchased,” said Araji.

Following the decline in the Central Bank’s reserves of hard currency, the subsidy for medicines was gradually lifted, and the partial assistance was recently lifted for medication for chronic diseases.

“We continued to support medicines for chronic diseases and cancerous diseases for a period of two months, but they were lost from the market,” explained Mikati on his part.

‘Either people stored them in homes, or they were smuggled,” he added.

“Therefore, we will remain committed to the issue so that each patient takes their right by limiting the provision of the required medicine or its equivalent according to a doctor’s opinion,” said Mikati.



Egyptian Inflation Climbs to 13.9% in April

 Cotton candy vendors walk during a dusty weather, before expected sandstorm, in Cairo, Egypt, Wednesday, April 30, 2025. (AP)
Cotton candy vendors walk during a dusty weather, before expected sandstorm, in Cairo, Egypt, Wednesday, April 30, 2025. (AP)
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Egyptian Inflation Climbs to 13.9% in April

 Cotton candy vendors walk during a dusty weather, before expected sandstorm, in Cairo, Egypt, Wednesday, April 30, 2025. (AP)
Cotton candy vendors walk during a dusty weather, before expected sandstorm, in Cairo, Egypt, Wednesday, April 30, 2025. (AP)

Egypt's annual urban consumer price inflation accelerated to 13.9% in April from 13.6% in March, matching analyst expectations, data from statistics agency CAPMAS showed on Saturday.

Month on month, prices were 1.5% higher at the end of April than at end-March. Food and beverage prices decelerated by 1.5%. Annually, food and beverage prices rose by 6.0%.

The median forecast of analysts polled by Reuters was for annual inflation to have climbed to 13.9%. They cited an increase in the official price of fuel as the main cause.

Inflation soared following Russia's full-scale invasion of Ukraine in early 2022, which prompted foreign investors to withdraw billions of dollars from Egyptian treasuries. Headline inflation rose by a record 38.0% in September 2023.

M2 money supply expanded in the year to end-March, but at a slower rate, dropping to 25.8% from an all-time high of 33.9% at the end of February, central bank data showed.

Egypt devalued its currency, raised interest rates by 600 basis points and signed an $8 billion financial support package with the International Monetary Fund in March last year, helping to bring its finances under control.