Lebanon’s caretaker finance minister has asked the central bank governor to hold off on a proposed swap of 2020 Eurobonds after ratings agencies warned it could constitute a selective default, a source familiar with the matter told Reuters on Wednesday. The central bank has proposed that Lebanese holders of Eurobonds due in 2020 swap their holdings for longer-dated notes, a move that could ease pressure on dwindling foreign currency reserves ...
![Former Finance Minister Mohammad Shatah [thedailystar.com]](/sites/default/files/styles/d08_traditional/public/im/misc/102621_mainimg.jpg?itok=hqLNvS_d "Former Finance Minister Mohammad Shatah [thedailystar.com]")
![Abu Faour continued, “Nonetheless, we are trying to come up with a mechanism for coordination among the NGOs, but how can we succeed when most of them deal with the [refugee] issue like it is a business?”](/sites/default/files/styles/d08_traditional/public/im/misc/snow-southlebanon.jpg?itok=iwaMjOK2 "Abu Faour continued, “Nonetheless, we are trying to come up with a mechanism for coordination among the NGOs, but how can we succeed when most of them deal with the [refugee] issue like it is a business?”")
