Middle East Economic Survey
VOL. XLVIII
No 21
23-May-2005
LEBANON
CBL Governor Calls For Reforms To Deal With Debt
Central Bank of Lebanon (CBL) governor Riad Salamah said last week that Lebanon must introduce financial reforms if it wants to reduce its interest rate structure and deal with its mounting debt problem. He pointed out that between 1993 and 2004 the cost of debt had fallen from 14% to 8%, but that interest rates increased in the aftermath of the assassination of former Prime Minister...
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