PM says Lebanon can't meet debt repayments

Updated March 8 2020 - 4:38am, first published 4:36am
Prime Minister Hassan Diab (right) says Lebanon's public debt has reached about 170 per cent of GDP.
Prime Minister Hassan Diab (right) says Lebanon's public debt has reached about 170 per cent of GDP.

Lebanon's prime minister says the government will suspend payment of $US1.2 billion ($A1.8 billion) in loans, marking the crisis-hit country's first-ever default on its sovereign debt.

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