Saturday, 24 August 2019 04:47 GMT
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Lebanon eyes lowering debt-to-GDP ratio




(MENAFN) The International Monetary Fund (IMF) criticism for Lebanon is valid but the country is progressing in preparing its new budget, the governor of the Banque du Liban Riad Salameh said.

The draft 2018 budget sends a good signal as it aims at Lebanon's debt-to-GDP ratio, which is among the highest in the world, from above 150%, Salameh said in a recent interview with Reuters.

The country's economic growth could be boosted by 1% for every USD1 billion of donor funding, the head of the Lebanese central bank further added, pointing out that the country is seeking up to USD16 billion for infrastructure investments.

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Lebanon eyes lowering debt-to-GDP ratio

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