Middle East Economic Survey
BUDGETS AND REVENUES
Lebanon To Go Ahead With Partial Debt Swap
The Lebanese cabinet, at a meeting on 17 June, decided to go ahead with plans to swap some of its high-interest Eurobond debt with new issues of low-interest debt. The cabinet has requested the minister of finance and the governor of the Central Bank of Lebanon (CBL) to arrange by September for the swap deal for debt maturing in 2005 and to report to the cabinet for a final...