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...