Public Actions

Banque du Liban opens lines of credit for wheat imports

Date: 
Monday, March 7, 2022

Industry Minister Georges Bouchikian said Monday that Banque du Liban has opened lines of credit for wheat imports following the Russian invasion of Ukraine. Lebanon imports 60 percent of its grain needs for bread manufacturing from Ukraine, Russia and Romania. “BDL has opened lines of credit to import wheat,” VDL 93.3 radio station quoted Bouchikian as saying Monday, adding that “the available stock is enough for a month and a half.” The minister said that “four shipments [of wheat are en route to] Lebanon” and that efforts are underway to “implement a strategic plan to begin a period of rationing.” Bouchikian said Saturday that flour deliveries will be limited to bakeries that produce Arabic bread, “until additional quantities of wheat reach Lebanon.” 

Acting Bodies: 
Lebanese Government
Type: 
Decrees
Categories: 
Economic measures (State budget, rent law, wages...)
Impact: 
National
Status: 
Approved/ Ratified
Civil Society Response: 
Not applicable