Lebanon’s gross public debt registered a yearly rise of 6.06%, to reach $73.38B by July 2016.
In details, debt in local currency, LBP, grasping around 60.5% of the total gross public debt, witnessed an incline of 4.26% y-o-y to $44.37B, and debt in foreign currency increased 8.93% y-o-y to $29.01B by July 2016.
BDL constituted the largest holder of local currency debt, with a share of 44.9%, while Lebanese commercial banks and other non-financial sectors held the remaining shares of 38.6% and 16.5%, respectively. Moreover, foreign currency debt was mainly covered in the form of Eurobonds, constituted 92.6% of foreign currency debt, while multilateral, bilateral and Paris II loans and multilateral loans, took respective shares of 3.6%, 3.4%, and 0.2%.
Local Currency Debt by Type of Holder
Source : ABL