Central Bank: Lebanon is not threatened with bankruptcy

According to the Anatolia News Agency, he reportedly told reporters after meeting with Maronite Patriarch Mar Bishara Boutros Al-Ra'i at the Patriarchal Headquarters in Bkirki, north of Beirut.

This is an implicit response to a song by MP Jamil al-Sayyid, criticizing the decision of the Minister of Communications, Mohammed Choucair, to buy a Touch building with $ 75 million.

In his appeal, the "Sayyed" addressed the Lebanese, pointing out that Minister Choucair had negotiated all night for the citizens "and bought a useless building of 75 million dollars".

"Did not the minister tell you who was negotiating, who was buying or what law was permitting and the country is on the brink of bankruptcy?" He asked. "Yazbq (distracted) ?!".

In another context, the Lebanese newspaper "The Republic" reported in its Saturday edition that Lebanon was concerned about the results of the expected report of the International Standard Assessment Agency "Standard and Poor". s "August 23 after receiving indications of a negative ranking of Lebanon.

The paper stated that the official bodies concerned with financial and economic affairs had begun efforts to direct the aforementioned clbadification agency to encourage them to postpone the publication of its report every six months. Perhaps this period has brought to light the benefits of fiscal outcomes to public finances.
Last week, President Michel Aoun signed the 2019 General Finance Law after approval by the House of Representatives in July.
Lebanon's sovereign debt insurance cost hit a record high, after Aoun warned on Thursday that international institutions could impose tough financial measures unless they make sacrifices to save their country from economic crisis.
ICSMarkets data showed that five-year Lebanese credit risk swaps reached 990 basis points, 33 points higher than Thursday's close.

(Anatolia, the new Arabic)