Gross Public Debt Rose to Reach $76.46B by June 2017

Lebanon’s gross public debt registered a yearly increase of 4.90%, to reach $76.46B by June 2017. In details, debt in local currency, LBP, grasping around 61.2% of the total gross public debt, rose by 6.46% y-o-y to $46.80B, and debt in foreign currency increased 2.54% y-o-y to $29.66B by June 2017.

Lebanese commercial banks constituted the largest holders of local currency debt, with a share of 42.9%, while BDL and other non-financial sectors held the remaining shares of 41.6% and 15.5%, respectively.

Moreover, foreign currency debt was mainly comprised in the form of Eurobonds, with a share of 92.3% of foreign currency debt, multilateral loans (4.3 percent), bilateral loans (3.0 percent), Paris II loans (0.1 percent) and others (0.3 percent)

Local Currency Debt by Type of Holder

Gross Public Debt Rose to Reach $76.46B by June 2017

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