VOL. XLIII

No. 33

14-August-2000

LEBANON

AMF Grants Lebanon Soft Loans, AFTP Increases Loan to $40Mn...

The Arab Monetary Fund (AMF) on 31 July announced that it granted Lebanon a $14.64mn soft loan at an interest rate of 4.75% and with a tenor of four years. The loan will be used to support the governments efforts to reform public finances and the financial sector in the next two years. According to Minister of Finance Georges Corm, the loan will help the Finance Ministry regulate the market...