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

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

$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 […]