Jobs
Properties
Automarket
Databank
EasyBanking
Search
Categories
Companies
People
Sectors
Topics
Business
Events
Conferences
Local trade exhibitions
International trade exhibitions
Professional
Training
Executive training
Trade
Missions
Incoming
Outgoing
Weekly
Newsletter
View latest issue
Subscribe
Update my subscription
Unsubscribe
SUBMIT INFO
News
Conferences
Exhibitions
Tenders
Training
Missions
Search
Categories
Financial
Markets
Business
Events
Trade
Missions
Business
Research
Calculation
Tools
Weekly
Newsletter
SUBMIT INFO
CHAMPION OF THE DAY
LEADERS NEWS
Banks advocate
for Eurobond swap
Selim Sfeir: The picture
of tomorrow is drawn today
Selim Sfeir, Chairman of the Association of Banks has tweeted a statement calling for a swap of Eurobonds and implementing reforms.
The tweet:
“We continue to believe that a wise approach to the economic crisis and financial commitments to the international community is possible if the government has a good intention to adopt necessary reform plans and required debt rescheduling policies. The banks were among the biggest losers as they were forced to exhaust their funds to secure as much liquidity as possible for their depositors, and this situation is the result of financing the continuing public deficit. The picture of Lebanon tomorrow must be drawn today. It is not poverty that will regain Lebanon its glory. Foreign bondholders may be willing to agree to such a swap exchange if the State can convince them of its goodwill to carry out reforms and implement a credible plan. The best solution to pay dues is to replace the Eurobond and start immediate reforms to purify public finances and restore the confidence of expatriate investors.”
Your browser does not support iframes.
Date Posted:
Mar 02, 2020
Your browser does not support inline frames
ABOUT
ADVERTISE
SUBMIT INFO
RSS
CONTACT US
©
2022 by InfoPro sal. All Rights Reserved