Lebanon central bank requires $12-15B to resuscitate economy

Lebanese Central Bank Governor Salameh appealed for help from other countries to kickstart its economic recovery.

"If countries add to it, we could reach 12 to 15 billion, an amount that could help start Lebanon's recovery and restore confidence," he said. The central bank can afford to finance partial subsidies on a few remaining key imports for "around six to nine months," if no additional measures are taken to combat the depreciation of the Lebanese pound, Salameh said.

Lebanon last year started IMF talks that have relaunched in recent weeks during which Lebanese officials have agreed that financial sector losses amount to around $69 billion.

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