WWWCDR     
       Meeting with deputy Ibrahim Kanaan          Visit of the minister Hajj Hassan          Visit of deputy M. Hagop Pakradonian          Meeting with the minister AlMerhebi      
 

 

 

 

 

 


 

 

29/06/2015
Signing of a Loan Agreement with the French Agency for Development

The Council for Development and reconstruction representing the Lebanese government and the French Development Agency AFD signed a loan agreement worth 30 million euros (equivalent to about 34.035 million USD) in the presence of a representative from the Central Bank of Lebanon being the authority responsible for managing the implementation of the loan, a representative of the European Union and a representative of the Ministry of Energy and Water - Lebanese Center for Energy Conservation. The Agreement was signed by the French Ambassador to Lebanon, Mr. Patrice Paoli and Director of the French Agency for Development in Lebanon Mr. Lionel Caffrini on behalf of the French side and the President of the Council for Development and Reconstruction, Eng. Nabil El-Jisr, on behalf of the Lebanese side. The agreement aims to finance private sector investments in the field of energy and renewable energy through soft loans which the Central Bank of Lebanon will administrate with the commercial banks while the Lebanese Center for Energy Conservation will provide technical assistance necessary to implement the projects.



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