Financial and Banking News
BUDGETS AND REVENUES
Beirut Government Borrowing Slackens
The pace of borrowing by the Lebanese government from the Banque du Liban (the country's central bank) slackened markedly during the first three months of 1985. From a figure of just under LL12bn at the end of November 1984 (MEES, 7 January), the government's total borrowing from the Banque du Liban increased to LL12.6bn as of the end of March 1985. This implies that the average monthly...