VOL. XXXVIIINO. 531-OCTOBER-1994
Regional Banking
Lebanon Sets Up New Development Bank
The Lebanese Parliament passed a law on 25 October establishing The NationalBank for the Development of Industry and Tourism, giving it a capital of LL30bn($18mn) and authorizing it to issue foreign currency debt bills worth $180mn.The government will contribute 20% of the bank's capital, while the remaining80% will come from private investment. The law states that the bank is entrustedwith financing...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!