VOL. XLIII

No. 29

17-July-2000

LEBANON

IFC Becomes Advisor For Airline Privatisation In Lebanon

The International Finance Corporation (IFC) signed an agreement on 3 July with the Central Bank of Lebanon (CBL), to act as the lead advisor in the divestment of CBLs 99.37% stake in Middle East Airlines (MEA). According to Lebanons Daily Star, IFC has been commissioned to conduct a financial survey of the airline and then find a strategic partner to purchase CBLs stake. The study is expected to reveal...