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New proposals would raise the capital requirements for the largest and most important banks by 9%, down from 19%
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Lebanon may boost $800m stimulus in ’14
Lebanon is considering increasing an $800 million economic stimulus package allocated for this year because most of the funds have already been used up, the central bank governor said on Wednesday.
The war in neighbouring Syria, a huge influx of refugees and a domestic political stalemate have hit Lebanon’s economy hard, prompting the central bank to introduce a $1.4 billion stimulus package in 2013 and the additional aid for this year. “The funds [for 2014] have been almost used completely, that is why we are looking at increasing that package,” central bank governor Riad Salameh told a conference with the International Monetary Fund in Beirut.
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