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$3 billion 4-year facility initial deal with IMF reached – Staff level agreement contingent on reforms.

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The International Monetary Fund (IMF) has reached a ‘staff-level agreement’ with the government for a four-year ‘Extended Fund Facility’ that would only get full approval from the fund after a series of reforms is enacted. The IMF said in a statement that the Lebanese government, with IMF staff support, has formulated a comprehensive economic reform […]

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$500 million fund to lend local businesses To be established by Palladium, Bamboo Capital, and Cedar Oxygen 

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$500 million fund to lend local businesses – To be established by Palladium, Bamboo Capital, and Cedar Oxygen  A group of private Lebanese investors, made up of Palladium and its asset management arm Bamboo Capital Partners in addition to Cedar Oxygen, have entered into a strategic partnership to develop a $500 million fund. The Lebanon Economic Empowerment […]

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These are 2021′s best cities for first-time homebuyers in USA

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 Heavy competition in today’s pricey housing market has sidelined some first-time buyers, especially in major metropolitan areas. These buyers usually make up about 40% of the market, but now they’re less than a third, according to the National Association of Realtors. The majority are millennials ages 25-34. There is still hope for homeownership, however. […]

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Central Bank launches foreign exchange platform – Banks, money changers mandated to use it

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Central Bank launches foreign exchange platform – Banks, money changers mandated to use it The Central Bank (BDL) has issued two circulars, one authorizing banks to perform currency exchange operations based on a newly-launched money exchange platform, and the other mandating licensed money exchangers to use the platform exclusively for their operations. Both banks and money […]

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