Lebanon seeks $500m loan
Lebanon: Sunday, October 22 - 2006 at 10:00
Lebanon is looking to secure $500m in soft loans from international sources in order to bolster its private sector, reported the Daily Star. Lebanon's Central Bank Governor Riad Salameh said that the country would look to the European Investment Bank and Opec for funding. Salameh predicted that a $500m loan would generate around $2bn in economic activity.
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Jonathan Sheikh-Miller, Deputy EditorSunday, October 22 - 2006 at 10:00 UAE local time (GMT+4)
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This Article was updated on Saturday, June 09 - 2007
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