Parliament has approved three loans, with a total value of $330 million, to finance and execute infrastructure projects, as requested by the Cabinet. Loans will have varying but low interest rates, said Nazih Najem, Chair of Public Work, Transportation, Water, and Energy Parliamentary committee.
The International Bank for Reconstruction and Development will provide the Cabinet a $200 million loan, at a 1.5 percent interest rate. The loan will finance the construction and rehabilitation o...
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