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Lebanon Financial Inflows to Jump 20%

Lebanon Financial Inflows to Jump 20%Lebanon Financial Inflows to Jump 20%

Financial inflows to Lebanon in 2017 could jump by 20% thanks to the positive political and economic conditions, Bank Audi said, Albawaba reported. “The improvement in Lebanon’s politico-economic conditions could generate no less than a 20% rise in financial inflows in 2017, following the noticeable double-digit growth that was reported in 2016 and that was driven by the financial engineering operations of the central bank. A net surplus in the balance of payments would be realized for the second year in a row after the five-year cumulative deficits that were realized between 2010 and 2015,” the bank said in a report on the performance of the fixed income market in Lebanon. Lebanon counts heavily on capital and financial inflows to inject new cash into the market as well as achieve a surplus in the balance of payments. Most of these inflows are in the form of remittances from Lebanese expatriates in Persian Gulf Arab states and Africa. The report also projected a growth in the money supply in 2017.

 

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