Central Bank stimulus provides needed boost

The Daily Star

A new stimulus package from Lebanon’s Central Bank will boost economic activity in 2014, economists told The Daily Star, expecting more money to be pumped into the economy if business activity remains sluggish throughout next year. Governor Riad Salameh announced last week $800 million in stimulus funds for 2014 after commercial banks used up to September some 75 percent of the $1.46 billion that the Central Bank had provided in credit facilities at 1 percent interest in 2013.

The second consecutive year such financing is being offered, the stimulus package is expected to provide a strong boost to the Lebanese economy particularly the real estate sector, economist Ghazi Wazni told The Daily Star.

Source: The Daily Star FULL STORY