Middle East Economic Survey
Libya And Syria Settle 1982 Debt
Libya has decided to write off accrued interest of some $350mn on its deposit of $200mn placed with the Central Bank of Syria (CBS) since 1982, following talks in Tripoli held by Syrian Minister of Finance Muhammad Husain and Libyan officials. A debt settlement agreement was signed in Tripoli on 21 August. Mr Husain said that the original deposit of $200mn will now be invested as Libyan...