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Lebanon expects funding from allies soon, says deputy PM

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Lebanon is expecting $500 million from an ally who wants to buy Lebanese dollar-denominated bonds.

Sunday 10, February 2019

(Bloomberg) --Lebanon could soon receive deposits from allies that would help the country manage debt-servicing costs, Deputy Prime Minister Ghassan Hasbani said on Sunday.

 “What we’re looking for is actually beyond that, to have the confidence of Arab countries and other countries to place large deposits in the central bank of Lebanon, which is something that could happen fairly soon,” Hasbani told Bloomberg Television at the World Government Summit in Dubai.

TAGS : Lebanon, Dollar denominated bonds, Funding

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