Feb 03 2011 |
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Lebanon 43rd globally in terms of external debt
03 February 2011
BEIRUT: Figures released by the Bank for International Settlements show Lebanon’s external debt totaled $23.7 billion at the end of September 2010, ranking it in 43rd place globally and in 16th place among developing states.
Lebanon also ranked in 7th place among 15 offshore centers and 4th among 20 countries in the Middle East & Africa region, as reported by Lebanon This Week, the economic publication of the Byblos Bank Group.
The figure represents the outstanding amount of international debt securities issued by both public and private institutions in the country. Lebanon accounted for 0.09 percent of the world’s and for 2.1 percent of developing nations’ outstanding external debt.
Lebanon’s stock of external debt at end-September 2009 was above the average of $16.8 billion for developing countries.
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