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10/09/2015
Signing of a Loan and Donation Agreement between the Lebanese and the Chinese Governments

The President of the Council for Development and Reconstruction, Eng. Nabil El-Jisr, and the Chinese Ambassador in Lebanon Mr. Jiang Jiang signed a loan agreement worth 50 million Chinese Yuan (about 8 million USD) and a donation agreement worth 20 million Yuan (about 3.3 million USD). The loan agreement is interest free and to be repaid over 10 years against Lebanese products. The donation agreement will be used to finance projects which are to be agreed upon by the two governments.



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