Lebanon’s Council of Ministers recently approved a resolution where it suspended the Republic's right to assert defenses to any legal actions in respect of the Eurobonds issued by it based on the expiration of the New York statute of limitations and any other prescription or contractual period until March 9, 2028. The Council of Ministers also authorized the Minister of Finance to take all necessary or appropriate actions to implement the resolution, including amending the terms and conditions of Lebanon's Eurobonds. The Caretaker Minister of Finance Mr. Yousef El Khalil commented that Lebanon remains committed to reaching a consensual and equitable solution to its debt and that by extending the prescription periods by three years, holders of the Eurobonds will not be forced to take legal action due to a legal deadline, originally on March 9, 2025.