Lebanese banks

Lebanon Central Bank: IMF Criticism Valid, But Budget a Good Start

IMF criticism of Lebanon’s public finances is valid, but the country’s draft 2018 budget sends a good signal as it seeks to cut one of the world’s highest debt-to-GDP ratios from above 150 percent, the head of its central bank said. Riad Salameh also said in an interview with Reuters on Friday that economic growth could be boosted by 1 percentage point for every $1 billion of donor funding that the government secures and spends.