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Lebanon expects debt to be cut

14 June 2010

Lebanese central bank governor, Riad Salameh has said the country's fourth year of strong economic growth should reduce public debt to 139% of gross domestic product, down from about 147%, Bloomberg has reported. "Our main focus is going to be on getting the government to reduce the country's debt, of which 60% is held in Lebanese pounds and 40% in dollars," he told the news service. Lebanon is expected to see a growth of around 8% in 2010, he added.

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