16 Hrs
Source:
نداء الوطن
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Gap Law advances creditor talks
The article discusses Lebanon's financial and economic situation in the context of its debts, focusing on Eurobonds due until 2028 and the measures taken to suspend their repayment, including extending the statute of limitations for creditors. It notes that bond prices have risen from 6 cents to around 25-26 cents, and that the government is aiming to pass the Financial Gap Law before 2028 to ensure the start of serious negotiations with creditors, primarily through economic reforms. The success of these efforts depends on political and security stability, as these factors remain major obstacles to negotiations. It is also emphasized that delaying reforms could prolong the suspension period and lead to legal actions by bondholders if an agreement is not reached.
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