Comments on Lebanon's ongoing economic crisis in FT, 28 Nov 2019

29 November, 2019
read < 1 minute

Dr. Nasser Saidi’s comments on Lebanon’s potential debt crisis appeared in the article titled “Lebanon urged to restructure debt as crisis deepens” published in the FT on 28th Nov 2019.
The full article can be accessed at: https://www.ft.com/content/e0c02d14-104e-11ea-a225-db2f231cfeae
Comments are posted below:
Nasser Saidi, a former central bank vice governor, said he expected the central bank would be able to provide the foreign currency needed to cover Thursday’s repayment, pointing out that not all the funds would automatically flow overseas. He estimated that over two-thirds of the $1.5bn owed would remain in the country as the debt is already held by local lenders and the central bank. “The balance to foreign investors can be covered from existing [foreign exchange] reserves,” he said.

Read Next

TV and radio

Interview with Al Arabiya (Arabic) on GCC’s potential to become “Middle Powers”, 9 Jun 2024

In this interview with Al Arabiya aired on 9th June 2024, Dr. Nasser Saidi discusses

10 June, 2024

media page

“The GCC will benefit from a US-China chill”, Op-ed in Arabian Gulf Business Insight (AGBI), 4 Jun 2024

The opinion piece titled “The GCC will benefit from a US-China chill” was published in

5 June, 2024

media page

Comments on UAE-China economic linkages & prospects in The National, 28 May 2024

Dr. Nasser Saidi’s comments appeared in an article in The National titled “Trade deals and

29 May, 2024