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Lebanon should implement ‘painful’ reforms

Apr 04

Lebanon should implement ‘painful’ reforms

The European Bank for Reconstruction and Development’s vice president Jurgen Rigterink said Monday. “We, as a bank, will be very, very careful to substantially increase our exposure in a country like this without having seen significant reform.

That, I can say, is a fact,” Lebanon needs to implement “painful” and “unpopular” reforms, especially concerning its large debt burden or it runs the risk of losing out on funding and foreign investment , he added