NO. 30


Financial and Banking News

Foreign Debt

Lebanese Foreign Debt Will Rise To $1.3Bn

Mr. Riad Salamah, the Governor of the Central Bank of Lebanon, estimates thatLebanese overseas debt will reach $1.3bn by the end of 1995. Lebanon's debtstood at $791.6mn at the end of February, of which $400mn comprises three-yeartreasury bills. In an interview with the Arabic magazine Al-Afkar, Mr Salamahdid not rule out a further Eurobond issue to finance the borrowing, saying that...