According to the Association of Lebanese Banks, Lebanon’s gross public debt registered a rise of 6.02% since year-start and a 5.83% year-on-year increase to stand at $74.54B by November 2016, the equivalent of 143% of GDP.
In details, debt in local currency, LBP, grasping 62.19% of the total gross public debt, grew by 7.03% y-o-y to $46.36B, and debt in foreign currency increased by 3.92% y-o-y to $28.18B by November 2016.
BDL was the largest holder of local currency debt, with a share of 43.6%, while Lebanese commercial banks and the non-banking sector held the remaining shares of 40.9% and 15.5%, respectively. Moreover, foreign currency debt was mainly constituted of Eurobonds with a share of 92.6%, while multilateral, bilateral, and Paris II Loans took respective shares of 3.7%, 3.3%, and 0.1%.
Local Currency Debt by Type of Holder
Source: ABL