Lebanon is in talks with allies to secure financial backing that would help it manage one of the world’s biggest debt burdens after Qatar pledged to buy government bonds worth $500 million.
The support could come in the form of deposits or a purchase of Lebanese Eurobonds at reduced interest rates, Nadim Munla, senior adviser to Prime Minister Saad Hariri, said in an interview on Tuesday in Beirut. He declined to name the countries involved in the talks.
