VOL.XLIII/XLIV

No.52/ No. 01

25-Dec.-2000/1 Jan. 2001

LEBANON

Lebanon Increases Subsidies On Interest Rates For Project Loans

The Lebanese Government on 12 December announced an increase in subsidies on interest rates for loans targeting agricultural, industrial or technological projects. The new measures apply to loans issued after April 1997 and with maturities ranging between five and seven years. Previously the government paid 5% of the interest on loans up to LL3bn ($1.98mn). Now it will pay...