VOL. XLI

No. 10

9-March-1998

LEBANON

Salamah Says Plans To Raise $2Bn Are Moving

Lebanon is going ahead with plans to raise $2bn in international markets, according toMr. Riad Salamah, the Governor of the Central Bank of Lebanon. In a lecture delivered lastweek at Saint Joseph University in Beirut, Mr. Salamah said that authorities had receivedfive offers from Paribas and four other international institutions to manage andunderwrite Lebanon's foreign borrowing program. The decision on the...