VOL. XLI

No. 18

4-May-1998

LEBANON

Lebanon Gets $127Mn Loans

The Italian Government has given a $67mn soft loan and a grant of $2.5mn to Lebanon tofinance infrastructure projects. The loan carries a fixed interest rate of 0.5% to berepaid over 35 years with a 24-year grace period, and will fund water installations aswell as environment and technology projects in the agricultural sector. Reports have alsoindicated that the World Bank will grant a loan of $60mn to fund infrastructure inLebanon,...