The new Finance Minister, Yassine Jaber. (Credit: Ministry of Public Works and Transport website)
BEIRUT — Finance Minister Yassin Jaber confirmed the ministry’s commitment to the former Cabinet’s decision to extend the Lebanese eurobonds interest payment prescription period for three years, in a letter addressed to the Association of Banks in Lebanon (ABL), dated Feb. 21, which L’Orient Today was able to review.In a leaked circular that circulated on social media last week, the ABL announced its intention to sue the Lebanese state for unpaid interests associated with eurobonds held by various member banks. Read more ABL announces plans to sue the Lebanese state over eurobond rights The decision comes ahead of the upcoming deadline – March 9, 2025 – which marks the expiration of the interest prescription period, or the time limit within which banks can legally claim eurobond interest payments before their right to do so...
BEIRUT — Finance Minister Yassin Jaber confirmed the ministry’s commitment to the former Cabinet’s decision to extend the Lebanese eurobonds interest payment prescription period for three years, in a letter addressed to the Association of Banks in Lebanon (ABL), dated Feb. 21, which L’Orient Today was able to review.In a leaked circular that circulated on social media last week, the ABL announced its intention to sue the Lebanese state for unpaid interests associated with eurobonds held by various member banks. Read more ABL announces plans to sue the Lebanese state over eurobond rights The decision comes ahead of the upcoming deadline – March 9, 2025 – which marks the expiration of the interest prescription period, or the time limit within which banks can legally claim eurobond interest payments before their right to do...