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Crunch time as govt to decide on bond payment

Marton Eder- Crisis-ridden Lebanon finally has a government again and at the top of its agenda will be whether to repay a Eurobond that will be maturing in six weeks. After lawmakers passed the 2020 budget Monday, the new Cabinet’s next major decision will be what to do about the $1.2 billion of bonds due on March 9. The team of 20, led by Prime Minister Hassan Diab, a computing-engineering professor, faces the reality of continuing nationwide protests, falling Central Bank foreign reserves, and the slowing to a trickle of diaspora inflows that have kept the economy afloat for decades.
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