Middle East Economic Survey

VOL. XLIX

No 9

27-February-2006

LEBANON/IRAN

Iran Extends $50Mn Soft Loan To Lebanon For Construction Projects

Iran has extended a soft loan of $50mn to Lebanon to finance construction projects, Irans ambassador in Beirut Masoud Idrisi announced on 17 February, following a visit there by the Iranian Foreign Minister Manouchehr Mottaki. Mr Idrisi said Iran had offered Lebanon assistance in the reconstruction of the electricity and water sectors, adding that assistance was...