Lebanon Finance Minister Denies He Plans to Restructure Debt - Bloomberg:
Lebanon’s plan to shore up its strained finances doesn’t include debt restructuring or any reconsideration of the fixed exchange rate, according to the caretaker finance minister.
The recommendations under consideration may include some debt rescheduling, as well as spending cuts and tax and electricity reforms, Ali Hasan Khalil said Friday in an emailed response to questions. If debt is to be rescheduled, it will only be done in coordination with the central bank and local lenders, he said. Lebanese officials have said it’ll probably be locally denominated.
“There is no intention to restructure debt or touch the rights of holders of sovereign debt securities in any way,” Khalil said.
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