VOL. XLVI
No 41
13-October-2003
LEBANON
ENERGY FINANCE
CBL Approves Loan For Lebanese Electricity Company
At a meeting on 4 October the Central Council of the Central Bank of Lebanon (CBL) approved a request by the state-owned Electricite du Liban (EDL) to borrow LL300bn ($200mn) from the CBL over a 10-year period. The approval follows the Lebanese Council of Ministers decision to provide a government guarantee for the loan from the Ministry of Finance. CBL Governor Riad Salamah noted that since...
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