The Council for Development and Reconstruction (CDR) signed two loan agreements totaling $8 million and a $3.3 million in-kind grant agreement with the Embassy of China to finance public projects.
The loans have zero interest and will be repaid over a period of ten years. "The loans may be bartered against Lebanese products instead of money," said Wafaa Charafeddine, Director of Funding at CDR.
The projects that will be financed have not yet been selected. "We will act as counterpa...
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