Lebanon may seek to borrow next year to help service existing debt and might also seek to reschedule some debts due in 2010 to benefit from low interest rates, Finance Minister Raya Haffar al-Hassan said on Thursday.
“We are benefiting from very low interest rates today. We have next year’s challenges and we may have at some point to go to the market and borrow,” Hassan told reporters.
“The atmosphere is suitable for us to maybe reschedule some of the debts due in 2010. We have to look and see how the market situation is but for sure it seems that we can (do this) to ease the burden,” she said. Source: Reuters