HABIB BRIEFS HAJJAR ON COUNCIL OF MINISTERS’ APPROVAL TO AMEND HOUSING LOAN AGREEMENT

The Housing Bank's General Director, Antoine Habib, on Monday visited Caretaker Minister of Social Affairs, Victor Hajjar. The meeting reportedly touched on the bank's status and activities, as well as on future projects, especially on the level of housing loans.During the meeting, Habib handed Hajjar a copy of the document that the Chairman of the Council for Development and Reconstruction, Nabil Al-Jisr, had submitted to the General Director of the Arab Fund for Economic and Social Development, Mr. Badr Mohammad Al-Saad.The document confirms the Lebanese Council of Ministers' approval to amend the housing loan agreement between the Lebanese Central Bank and the Housing Bank - for the implementation of the second phase of the housing project in Lebanon - which is financed by a loan provided by the Arab Fund for Economic and Social Development.'This is the last administrative step on Lebanon's part in preparation for the necessary action by the Board of Directors of the Arab Fund,' Habib said.Minister Hajja r praised this step, wishing the Housing Bank 'more success and progress serving Lebanese citizens with limited and middle income.' Source: National News Agency-Lebanon