VOL. XXXVII
NO. 22
28-FEBRUARY-1994
Financial and Banking News
Budgets & Revenues
Lebanon Reduces Prime Rate To 22% As Economic Outlook Improves
The Lebanese Banks Association on 17 February announced a cut in the primelending rate from 26% to 22%, reflecting a higher degree of confidence in theeconomic recovery of Lebanon. The rate was slashed from 60% to 27% in October1992, shortly after the appointment of Mr. Rafiq al-Hariri as Lebanon's primeminister. Subsequently the rate was cut...
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