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Lebanon seeks $7bn loans
- Lebanon: Wednesday, July 05 - 2006 at 14:27
Lebanon wants to borrow $7bn this year to reduce interest costs on its growing national debt, according to Bloomberg. The country's gross debt had reached 727% of government revenue at the end of 2005, the highest level of any rated country worldwide, according to Moody's Investors Service.
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James McInerney, News EditorWednesday, July 05 - 2006 at 14:27 UAE local time (GMT+4)
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