The European Union launched an External Investment Plan (EIP), a scheme which provides concessional financing for projects in 70 countries, including Lebanon.
The EU did not specify a ceiling for each country. The total funds available to finance projects amount to €4 billion.
"Projects can be developed by the Government or private sector or financial institutions. They will enjoy financing with rates that are cheaper than the market rate," said Michael Kӧhler, Director of the Neig...
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