VOL. XXXVIII
NO. 30
24-APRIL-1995
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...
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