Financial and Banking News


Beirut Raises Debt Ceiling by One Third

Having almost breached its statutory ceiling on borrowings from the Banque du Liban (MEES, 17 December 1984), the government in Beirut has succeeded in raising the ceiling by one third from LL12bn to LL16bn. The debt ceiling has been increased from LL5bn at the beginning of 1983 in a series of steps which have involved a total of LL6bn being allocated for expenditure on reconstruction and capital...