Lebanese Monetary Policy 2012: Central Bank to Keep Stable Currency
Exlusive interview with the Governor of Banque du Liban (Central Bank of Lebanon) about the monetary policy and vision for 2012.
List of all articles filed under “lebanon-topics” category.
Exlusive interview with the Governor of Banque du Liban (Central Bank of Lebanon) about the monetary policy and vision for 2012.
The current Lebanese government is trying to disassociate Lebanon from the regional conflicts and bring stability to the coutry in order to foster growth. Either way, Lebanese economy is different from the other economies, therefore it has to be analyzed in a different way. H.E. Nicolas Nahas thinks Lebanon has an interesting potential in long-term export.
Lebanon has a competitive advantage for an investment in 3 main areas: education, climate and well-established banking sector. According to IDAL, the key investment sectors include health care tourism sector, media sector, and ICT sector. The main risk when making an investment in Lebanon is the regional instability, says Mr. Itani of IDAL.
Discussion of real estate, tourism real estate in Lebanon, their partnership with InterContinental Hotels Group and potentials of Lebanon with the leader in the tourism real estate: SGHL. Mr. Salha sees an opportunity in the budget hotels though the Lebanese infrastructure is still not ready for mass tourism in Lebanon.
In 2010, Lebanese economy is going to record the same growth as in 2009. Banking sector in Lebanon is the backbone of the economy and, due to strong Central bank policy adopted in 1992, it is not exposed to the global crisis.
As long at there is peace in the Middle East, Lebanon is one of the best investment choices. This is not only because Lebanon has been growing in every sector, but because there is still time to get in on the ground floor of future growth; because Lebanon has a host of unmet needs. These include basic infrastructure requirements.
In 2008, the first year of the Doha Agreement that signaled the end of internal violence, the economy grew by 8.5%, 9% in the following year, and is on course to grow 7% in 2010.
Today, Lebanon is still dominated by its banking sector, which comprises 35 percent of the economy. Lebanese banking is a home-grown industry, by which is meant that it is largely dominated by old families with a deep treasure chest of banking experience that guides them through both good times and bad.
Video Interview with Nabil Itani, Chairman of Investment and Development Authority of Lebanon – IDAL. The Chairman provides an accurate assessment of Lebanon investment climate and strategy of Investment and Development Authority of Lebanon in luring investors to invest in Lebanon.
We already have the laws we need for the private sector . The business sector is doing not so bad. Of course the ambition that Lebanon would be the financial center for the Middle East…