Middle East Economic Survey


No 37



AMF Lends Lebanon $45Mn For Fuel Imports

The Arab Monetary Fund (AMF) will extend a $45mn line of credit to Lebanon to finance the import of petroleum products for the state-owned Electricité du Liban, under an agreement signed in Beirut on 4 September. The funds will come from the AMFs Arab Trade Financing Program (ATFP) and, according to AMFs Chairman Jasim al-Mana'i, the line of credit is part of a broader program to provide...