Middle East Economic Survey


No 40



AFESD To Loan $180Mn To Lebanon

The Arab Fund for Economic and Social Development (AFESD) announced on 25 September in Beirut that it would be providing two loans worth $180mn to Lebanon $100mn to rehabilitate the electricity sector in the country and $70-80mn to help revive the private sector which suffered from the war. The loans will be provided on a concessionary basis with low interest and a grace period of eight years. An AFESD...