China’s $1.7 trillion hangover

China’s $1.7 trillion hangover

Up to 40% of China’s $1.7 trillion LGFV loans are at high risk of default. What’s a panicking Beijing to do?

Euromoney’s 2012 FX survey results

Euromoney’s 2012 FX survey results

Access the results now

September 2006

Lebanon’s finance minister: ‘The phoenix will rise again’

Lebanon’s finance minister, Jihad Azour, told Sudip Roy in early August how his country is coping with conflict.


Lebanese reforms caught in the crossfire
Securitization specialist has global vision

What’s the conflict’s financial cost on Lebanon?

It’s very difficult to assess with accuracy the economic impact. Things are changing on a daily basis. Therefore it’s difficult to assess while Israel’s bombs continue to fall.

You have said that the cost of the damage was about $2 billion. Is there a more accurate estimate?

I’m not giving any estimates. It doesn’t add any value to spend our time updating [the cost] on a daily basis. What we are thinking about is (a) what are the implications? (b) what is the magnitude of the damage financially? and (c) how are we going to rehabilitate? Various agencies are working on these issues.

But as I say, things are changing on a daily basis. Israeli bombs...


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