Central Bank Governor Riad Salameh during a press conference at the bank's headquarters, Wednesday, June 18, 2014. (The Daily Star/Mohammad Azakir)
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Lebanon's Central Bank is considering pumping more money into the economy after commercial banks used up most of the $800 million provided in credit facilities in 2014, its Governor Riad Salameh said Wednesday.The Central Bank announced a $1.46 billion stimulus package in 2013 and followed it in 2014 by another $800 million in credit facilities to commercial banks at 1 percent interest rate. Under circular 331 issued last year, the Central Bank guarantees up to 75 percent of the value of banks' investments in startups or VC funds.Real GDP growth has declined from an average 8 percent during 2009-10 to 2 percent in 2013, Salameh said.
Aoun playing with fire, but not the only one to blame
Lebanese set sights on Cuba investment opportunities
Lebanon onshore oil and gas ‘promising’
FOLLOW THIS ARTICLE