Friday, 20 September 2019 03:09 GMT
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1.3 percent surge in Lebanese Q1 public debt




(MENAFN) Lebanon, the International Monetary Fund (IMF) revealed, stood at USD86.2 billion in its public debt during the first quarter of 2019 to mark a 1.3 percent boost.

Statistics the IMF unveiled show Lebanon to be one of the most indebted countries as it recorded a 150 percent debt to GDP ratio.

Debt in Lebanon, Byblos Bank declared, witnessed a surge by USD1.1 billion during the first three months of the year.

The country hit USD52.4 billion in the size of its debt denominated in pounds, with foreign currency debt posting USD33.8 billion.

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1.3 percent surge in Lebanese Q1 public debt

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