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FINANCIAL NEWS
Lebanon to boost USD1.5bn stimulus package
16 Jun 2016
(MENAFN) Lebanon might increase its USD 1.5bn spur package in order to push growth that has deteriorated due to political conditions in the country.
Additionally, the stimulus extends loans to commercial banks at 1 percent interest in order to help increase growth that is forecasted to reach 2 percent this year.
Recently, the country had a package of USD 1.5bn and only USD 600mn is left, therefore it might increase it to stimulate internal demand.
The increase in Lebanon between 2011 and 2015 suffered to almost 2 percent from more than 7 percent between 2006 and 2010 due to internal political situations.
More News
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CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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