Central Bank Discusses Lebanese Economy
Riad Salameh, Governor of the Central Bank of Lebanon, discusses the response to the Syria conflict. The Central Bank has introduced a stimulus package to support loans for housing, education, renewable energy projects, innovative projects, research and development ventures, entrepreneurship and the various productive sectors to encourage local demand.
The Central Bank of Lebanon has introduced a stimulus package to support loans for housing, education, renewable energy projects, innovative projects, research and development ventures, entrepreneurship and the various productive sectors to as an attempt to encourage local demand.
Riad Salameh, Governor of the Central Bank of Lebanon explains, “The stimulus plan proved to be successful accounting for 1.5% of 2.5% real GDP growth in 2013, based on our forecasts. Additional support of USD 800 million was announced by the Central Bank to maintain this momentum and further stimulate the Lebanese economy in 2014.”