But that has plunged the country into further uncertainty, with no clear path to resolving its economic and political problems. ADThe Eurobond announcement came as a top Arab League official arrived in Lebanon, expressing readiness to help the country solve its political stalemate. There were concerns that Lebanon, which always paid back its debt on time, might default. The office of Lebanon’s president, Michel Aoun, said he discussed political and economic conditions with visiting Arab League assistant secretary general, Hossam Zaki. Local banks have imposed capital controls worsening the economic conditions amid a liquidity crisis and shortage in U.S. dollars.

Source: Washington Post November 28, 2019 10:41 UTC