SFD Lends Lebanon $19Mn
The Saudi Fund for Development (SFD) will lend Lebanon $19mn under two loan agreements signed on 10 September in Beirut. The first loan, for $7mn, will help finance the construction of 12 government schools, while the second, for $12mn, will be used for the construction of two segments of the Metn highway. Cumulative lending by SFD for 23 development projects in Lebanon now exceeds some SR1bn ($267mn). The schools and highway are...