Middle East Economic Survey

VOL. LII

No 48

30-Nov-2009

syria

EIB Signs 50Mn Loan Agreement With Syria

The Facility for Euro-Mediterranean Investment and Partnership (FEMIP), the European Investment Banks (EIB) financial arm for the Mediterranean region, on 20 November signed a loan agreement for 50mn with the Syrian Ministry of Local Administration. The loan will cover half the total cost of a project to significantly upgrade municipal infrastructure across Syria. The EIB said that the proposed...