Salameh: BDL to Set Stimulus Packages for Housing Loans

Lebanon Central Bank Governor Riad Salameh announced on Wednesday that Banque du Liban (BDL) is going to set stimulus packages for housing loans in 2019, LBCI TV station said on Wednesday.

Salameh said that BDL will later decide the amount, LBCI said.

Salameh’s remarks came one day after the parliament approved an LBP 100 billion financial support for housing loans meant for low-income citizens.

The decision came following a push by political parties urging the government to find a solution to the housing loans crisis that emerged in July.

The Lebanese Public Corporation for Housing (PCH) declared on July 8 that housing loans requests are to be rejected starting July 9th.

BDL regularly finances the housing loans through the PCH.