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File photo : Outraged over the collapse of the Lebanese currency Lebanese protesters set the Central Bank on fire, June 20, 2020
Lebanese officials walked out of Paris in November of 2002 with $4.5 billion in soft loans. This represented, at the time, 25% of the country’s GDP. It was desperately needed but it was not properly utilized. In subsequent years, Lebanon’s political elite made little effort at structural reforms.
The nature and magnitude of Lebanon’s debt problem couldn’t be made more clearer when in February of 2012, François Bassil, a prominent Lebanese banker, came out against continuing efforts to prop up the government with loans. At the time it was clear that Lebanon’s public debt was getting out of control and was no longer sustainable. And while this was nearly 20 years ago, this problem is ongoing. ....

France General , Head Of Branch Network , Central Bank , Banking Control Commission , Chief Financial Officer , Chief Risk Officer , Chief Internal Audit , பிரான்ஸ் ஜநரல் , தலை ஆஃப் கிளை வலைப்பின்னல் , மைய வங்கி , வங்கி கட்டுப்பாடு தரகு , தலைமை நிதி அதிகாரி , தலைமை ஆபத்து அதிகாரி , தலைமை உள் தணிக்கை ,