Lebanon debt hits 148% of GDP

04 April 2010

Lebanon's finance ministry has said that the country's public debt climbed 8.6% to $51bn, or 148% of gross domestic product, at the end of last year, Arabic Al-Akhbar newspaper has reported. The Lebanese government has been selling Eurobonds to refinance its public debt, which was 160% of GDP in 2001 and reached a record 180% of GDP in 2006, the daily said.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.