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Lebanon plans stimulus package
- Lebanon: Wednesday, November 28 - 2012 at 04:52
The Lebanese central bank has announced a plan to roll out a stimulus package to kick-start the country's economy, which has been hit by the conflict in neighbouring Syria, Reuters has reported. "The Syrian unrest has affected the overall investment and consumer environment," governor of the central bank, Riad Salameh, told the news service. "The Central Bank is aware that there is less external demand on the Lebanese economy and is preparing to launch a stimulus package that would include housing loans, loans to the productive sector and loans for the energy substitution sector," Salameh said, adding that he did not yet have details of the size of the package, but would be able to give more information by the end of the year.
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