Central Bank will extend stimulus package. $1 billion for soft loans already fully deployed

The $1 billion stimulus package of the Central Bank (BDL) for 2017, which allows banks to provide subsidized loans to the private sector, has been completely used up, said Governor Riad Salameh.

BDL will soon issue a new circular that will be applied immediately to ensure the continuity of subsidized loans, Salameh said.

The Central Bank has so far injected $5.4 billion into the economy through this stimulus package. Under the program, BDL grants soft loans to the banks at an inter...

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