VOL. XLIV

No. 12

19-March-2001

LEBANON

Lebanese Government To Expand Subsidized Loans To SMEs

The Lebanese Government has announced a planned expansion of Kafalat, the government-subsidized program that guarantees loans to small- and medium-sized enterprises (SMEs). According to local press reports on 3 March, the proposal before Lebanons parliament would extend the guarantee to loans of up to L300mn ($200,000) and companies with as many as 40 employees. The program currently covers loans of up...