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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.
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