To promote the Lebanese economy and generate new job opportunities, Lebanon’s central bank, Banque du Liban (BdL), has been offering low cost incentives to the private sector through banks.
In 2013, BdL provided LBP 2,210B ($1.47B) in the form of soft loans to commercial banks, in order to boost lending activity at low interest rates. It was renewed in 2014 and 2015, injecting sums of LBP 1,400B ($928.69B) and LBP 1,500B ($995.02B), respectively.
Some of the sectors benefitting from the latest stimulus package are tourism, agriculture, information technology, industry and handicrafts. Moreover, loans are granted to help small and medium-sized enterprises, to finance new projects in the field of knowledge and innovation, to fund research and development ventures, and to support tuition fees in higher education institutions.