March 7, 2020 / 3:11 PM / in 3 months

Lebanon's government decides not to pay debt - source, local media

BEIRUT (Reuters) - Lebanon’s government voted unanimously in favor of not repaying its looming debt maturities, a senior political source told Reuters and local media reported after a cabinet session on Saturday.

Lebanon’s top leadership opposes repaying the country’s debt, the presidency said earlier, setting the heavily indebted state on course for a sovereign default as it faces a crippling financial crisis.

Reporting by Ellen Francis and Laila Bassam; Editing by Alison Williams

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