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FX reserves up
by over $1 billion
Central Bank policy forces the State to balance the budget
The Central Bank (BDL) has succeeded in increasing its foreign currency (FX) reserves by more than $1 billion until early March without incurring any costs. This was achieved while keeping a stable exchange rate since the beginning of the summer of 2023.

Liquid FX reserves increased by $885 million between the end of July 2023 and mid-February 2024, according to BDL data. They stood at $9.5 billion in mid-February. This means they increased by $124 million in the second half of February.

Besides stopping financing the State and p
...more
BUSINESS
Hotel occupancy dropped in 2023
Decline driven by Gaza war and Airbnb competition
FINANCE
Green Fund launched for private sector lending
UNDP and Cedar Oxygen looking into projects worth $50 million
Currency in circulation dropped by 31 percent
Stability reached since July
ECONOMY
Hosting Syrian refugees costs $1.5 billion per year
World Bank will present its assessment to donors
Social Development
Lebanon is improving in eight SDGs, says ESCWA
Two goals are off track, and insufficient data for seven indicators
Italy provides $1.6 million for WFP school meals program
Scheme targets over 100,000 schoolchildren in 185 public schools
PRESS COVERAGE
Other local and international press coverage
on business and economic stories on Lebanon

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