Friday, September 21, 2018

Lebanon aims to address housing loans crisis via subsidies: minister

Lebanese caretaker Finance Minister Ali Hassan Khalil said the ministry aims to address the housing loans crisis in the country through subsidies, an independent online newspaper reported. The government will allocate 100 billion Lebanese pounds (66.3 million U.S. dollars) to subsidize part of the interest rate on housing loans valued at 1,500 billion pounds for 5,000 housing units offered by the Public Corporation for Housing (PCH), the minister was quoted as saying by Elnashra. Read More