Lebanon’s Finance Ministry is set to announce its plan to update the country’s Eurobond holders on their economic plans and principles for debt restructuring on March 27th.
The plans will be presented in the form of a webcast. Interested parties are expected to register by 4:30 pm Beirut time on March 27.
The webcast is set to start at 5:00 pm and the ministry will “update holders of Lebanon’s Eurobonds on the latest macroeconomic developments, and provide an overview of the government’s reform plan and the guiding principles for the public debt restructuring.”
The ministry’s statement further says that the government made this decision in order to focus on launching a plan to restore stability to the country’s economy and revive it in the wake of global instability.
Lebanon’s future seems more and more uncertain as the world is now also moving towards a recession due to the Coronavirus. Will the Finance Ministry be able to come up with an economic plan that can reinvigorate Lebanon’s economy?