LEBANON, CREDIT LINE 80 MLN EUROS FOR THE RENEWABLE ENERGY
The Central Bank of Lebanon (BDL) will launch early next year of a 80 million euros credit line (about 89 million dollars) for energy efficiency projects and renewable energy. The credit facility is funded by the European Investment Bank (EIB) and FROM ‘Agence Française de Développement (AFD).
The European Union (EU) will provide technical assistance through a team of international experts and national authorities to support the BDL and the private banks in the definition of the financing plan. The loans will be given in US dollars, even if the received funds are in euro. The credit line will be operational by January 2017.