On 5 March, Banque du Liban (central bank) announced figures for the total debt at the end of 2002, which rose 9 per cent from the end of 2001 to £Leb 44.3 trillion ($29,360 million). The IMF forecasts that the debt will fall to $25,400 million by 2007. It forecasts gross domestic product (GDP) growth of 2 per cent in 2003.