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Morgan Stanley: Restructuring Lebanon’s public debt challenging task

Global investment bank Morgan Stanley said Lebanon would face an uphill task in its efforts to restructure the country’s public debt estimated at $96.5 billion. It added that the restructuring of Lebanon’s public debt will be challenging, given that the country requires substantial debt relief that is equivalent to more than 100 percent of GDP. It indicated that the interlinkages are complex between the balance sheets of commercial banks on one hand, and those of the government and Banque du Libanon on the other.
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