The European Investment Bank (EIB) and Agence Française de Developpement (AFD) will provide a financing facility of €80 million ($95.8 million) through local banks to finance energy projects.
The interest rate paid by the borrowers will be near zero as the credit facility will be heavily subsidized by the Central Bank (BDL).
The facility, named Lebanon Energy Efficiency and Renewable Energy Finance Facility (LEEREFF), aims to finance small scale projects in the sector of ene...
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