Lebanon's Central Bank Governor Riad Salameh looks on during during an interview with Reuters in his office in Beirut, Lebanon July 18, 2016. Picture taken July 18, 2016. (REUTERS/ Jamal Saidi)
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Lebanon's Central Bank Governor Riad Salameh Wednesday expressed confidence in the country's banking sector, despite political turmoil.Salameh forecasts growth of 1.5 to 2 percent for 2016, in line with a World Bank projection of 1.8 percent but far below the 8-9 percent growth rates seen in the years before 2011 .Lebanon hosts around 1.5 million registered Syrians, who fled their war-torn country.Confidence in the central bank remains high and should ensure Lebanon can continue to fund itself, he added.Touching on the U.S. sanctions targeting Hezbollah, Salameh said that the U.S. law must be enforced to keep Lebanon's banks within the global financial system and stabilize the hugely indebted economy as neighboring Syria's civil war hits tourism and growth.
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