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Lebanon's Central Bank to inject LL2,200bn in the economy

 
Lebanon'sCentral Bank  issued Intermediate Circular 313 on January 14, 2013,amending Basic Circular 23 dated March 7,

1996. The circular stipulates that banks operating in Lebanon can benefit from financial facilities from the Central Bank totaling up to LBP2,200bn, or $1.46bn,  against guarantees from the beneficiary banks. The Bank will extend the loans on a first-come first-served, and has fixed the interest rate on these facilities at 1% per year to be paid monthly by the beneficiary banks.

Beirut

Migration to cities is increasing so much that, by 2050, the UN predicts that approximately two thirds of the world’s population will be living in cities.

ECO INITIATIVES

  • A fundraising event, entitled Think Green, will be held by Zero Waste ACT for all its business members on September, 10,2013, at WHITE, Dora.
  • The Green Mind Association invited all Green Mind Award Participants, finalists, runner ups and winners to the GREEN MIND DAY on  Jan-16-2013 in Beirut, to create a platform where interested Venture Capital and Potential Investors met with participants.
  • A green initiative launched by Ashrafieh 2020 project aims to transform Ashrafieh into a tranquil and unpolluted area.Green spaces allow residents to walk and ride bicycles.

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