Law Authorizing Borrowing at Lower Interest Rates to Replace Existing Debts

Type

Law

Number

476

Date of the text

12/12/2002

Official Gazette

published in 2002

Status today

In force, amended as of 27/08/2026

Articles

6

What it provides

This law allows the government to borrow in foreign currencies for at least three years, up to eleven billion US dollars, to restructure public debt and reduce its cost by replacing existing debts at lower interest rates, through loans, treasury bonds, deposits, or contracts with Islamic banks.

What has changed this text

• Amended by Decree in force by operation of law No. 403/2007 of 13/06/2007, articles 1, 2, 4

The full text

This act was published in the Lebanese Official Gazette in 2002. Its full text and the original scan are in the Gherbal National Gazette archive.