Category: Banking
Lebanon secures increased World Bank loan of $400m
Lebanon has secured an increased World Bank loan for reconstruction work, the Finance Minister Yassine Jaber revealed, Al-Monitor via Reuters reported on April 23rd. The [more…]
Lebanon gets initial okay for $400m World Bank loan
The Lebanese Finance Minister declared that his nation has got the initial green light to increase a World Bank loan for reconstruction from $250 million [more…]
Ex-Lebanese central bank governor charged with embezzlement
A Lebanese judge has formally initiated criminal proceedings against Lebanon’s former central bank governor Riad Salameh, charging him with the embezzlement of $44 million of [more…]
Nigeria to introduce law legalising cryptocurrencies
A new law is being prepared by Nigeria which would legalise crypto assets in the country, The North Africa Post reported on March 20th. Within [more…]
Lebanon will lose aid grant without financial reform, EU says
The EU will not issue 500 million euros of aid to Lebanon unless the nation restructures its banking system, according to a leading EU official, [more…]
IMF’s bank coalition aims to aid war hit countries
A new coordination group focusing on Palestine, Syria, and Lebanon was established by the International Monetary Fund (IMF), World Bank, Arab Coordination Group and regional [more…]
Lebanon will need to reform its banking system to get EU aid
Lebanon’s banking system would need to be restructured before the EU issues 500 million euros of aid, according to a leading EU official, The New [more…]
Syria’s central bank governor pledges to enhance bank independence
Syria’s central bank governor, Maysaa Sabreen, has said she wants to boost the institution’s independence for monetary policy decisions since the fall of the Assad-led [more…]
Lebanon’s poverty triples says World bank
Lebanon’s poverty has tripled over the past decade the World Bank has reported, according to Arab News and agencies on May 23rd. The proportion of [more…]
Lebanon: Boom in money supply offers economic hope
Branded the riskiest state in the world by investors, Lebanon saw its money supply swell fivefold in a single month, according to Bloomberg on April 3rd. The [more…]
Israel poised to cut ties with Palestinian banks
Palestine may be cut off from the global banking system in the coming week as Tel Aviv moves to cut financial ties, further isolating the [more…]
Lebanon’s economic recovery plan falls into the abyss
Lebanon’s third attempt at an economic recovery plan, crucial for addressing over $70 billion in financial losses and reforming its insolvent banking sector, is not [more…]
