Lebanon calls for IMF aid as debt default looms
Finance minister says country may default on eurobond as central bank caps deposit rates
Lebanon’s central bank has reduced deposit rates at commercial lenders, as fears grew of a sovereign default and the government asked the International Monetary Fund for aid.
Finance minister Ghazi Wazni said publicly that the government might default on a $1.2 billion eurobond, which is due to be redeemed on March 9. Wazni met with central bank governor Riad Salamé and newly-apponted prime minister Hassan Diab on February 13 for talks on the debt.
Wazni said the three had discussed all
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