Thursday, January 28, 2016

Selling products to China will help public debt. To export olive oil, wine, nuts, and canned food instead


The Chamber of Commerce, Industry and Agriculture in Beirut and Mount Lebanon in collaboration with the Investment Development Authority of Lebanon (IDAL) launched today a repayment mechanism of the Chinese loan that was offered to the State to finance public projects in 2012.

The $8 million loan will be repaid with zero interest by exporting local products including olive oil, wine, nuts, dried fruits, and canned food.

Four main official parties are involved in the repayment mec...

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