Economics
Lebanon to Reinstate Subsidized Housing Loans
- Housing package is valued at $200 million to boost sector
- Central Bank froze subsidized housing loans at start of 2018
Residential properties in Beirut, Lebanon.
Photographer: Sima Diab/BloombergThis article is for subscribers only.
Lebanon’s Central Bank will reinstate subsidized housing loans, ending an almost year-long freeze of the program, the state-run National News Agency reported late Friday.
The new housing package will be $200 million for housing loans of as much as $300,000, the agency said, citing a circular from the Association of Banks in Lebanon after its meeting with the central bank. The central bank also will offer a stimulus package for the production sector valued at $500 million.