Jun 26 2019 - 14:03
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Fitch Ratings issues new evaluation in Lebanon fiscal situation

Fitch Ratings said in a new report issued Wednesday Lebanon, news ,lbci ,أخبار Finance,Lebanon,Fitch Ratings said in a new report issued Wednesday
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Lebanon News

Fitch Ratings said in a new report issued Wednesday that it does not expect full implementation of Lebanon’s draft 2019 budget, noting that additional fiscal and structural reforms would be required to stabilize government debt/GDP.

 

“Proposals to issue T bonds at below-market rates, most likely to the central bank, reflect the difficulty of cutting spending and tight liquidity in the financial system. Lebanon's external finances also remain under pressure, illustrated by declines in foreign reserves and bank deposits in the four months to April,” it said.

 
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For more details, watch the full report in the video above

 

 

For the full Fitch Ratings’ report, click here

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