- The Lebanese government has vowed to make urgent progress on reforms to help overcome a worsening economic crisis that prompted Fitch Ratings to cut the country’s credit rating on Friday.
However, Finance Minister Ali Hassan Khalil said both ratings reports showed the urgency for reform, which the government has long put off. “There should be no slacking for a single moment,” he told Reuters on Friday. Lebanese leaders have warned of a financial crisis without changes. The impetus to enact reforms has grown with the slowdown of deposits into its banking sector, a critical source of finance for the state.
But it warned it could lower the sovereign’s rating in the coming six-12 months if bank deposits and central bank foreign exchange reserves continued to fall.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Lebanon's credit ratings show reform urgency -finance ministerLebanon is committed to economic reforms and will overcome its crisis, the finan... Flagrant Corruption is the norm at the highest level of government; and they are entrusted to solve the issue?
Source: Reuters - 🏆 2. / 97 Read more »
Hong Kong’s protest movement will not back down empty-handedViewpoint: If Carrie Lam “cannot face up to the tough decisions now required...then she should step aside,” says former Chief Secretary of Hong Kong Anson Chan OpenFuture How pretty were the informations to be looked in voyages of the success as a result of struggle hongkong do together in healthy and unhealthy environment .... That’s how we get the best POTUS now
Source: TheEconomist - 🏆 6. / 92 Read more »
Louisiana Gubernatorial Candidate Wants to Roll Back Criminal Justice ReformRalph Abraham is generally regarded as incumbent John Bel Edwards’s most formidable Republican opponent in Louisiana’s off-year governor’s race DocAbraham is also a bigot and a serial liar who promised to donate his Congressional salary to charity if elected. He was. He didn’t.
Source: NYMag - 🏆 111. / 63 Read more »
16 Jaw-Dropping Pictures Of Home Makeover Before-And-AftersFrom drab to fab. _melissaxo
Source: BuzzFeed - 🏆 730. / 51 Read more »
China’s interest-rate revamp highlights the slow march of reformThe central bank modernises monetary policy, but also adds to a muddle Maybe. yes the economist's articles are the most inspiring and intelligent I have seen. the only drawback is the subscription fee is a little bit expensive.
Source: TheEconomist - 🏆 6. / 92 Read more »
Loretta Mester says if economy stays like this, Fed should keep rates 'where they are'U.S. stock index futures pointed to a lower open on Friday after a report said China will slap new tariffs on U.S. goods. 'Dual mandate of keeping all asset valuations at all-time highs no matter what and getting realDonaldTrump re-elected'? Brain dead Listening to Mester is no diff than any chair. Talk BS and making it sound important. 99% are losing each day, day after day for 35 years and Meter is an Opra buff with hubby George ! No worries ! Completely ignorant to reality because they reinforce.. each other so trash
Source: CNBC - 🏆 12. / 72 Read more »