IFC ready to invest $1 billion per year. Infrastructure is the target sector

The International Finance Corporation (IFC) is willing to invest $1 billion a year locally, said Saad Sabrah, Country Head of Lebanon, Syria, and Yemen.

"But this investment is conditioned on one thing: Reform," the IFC official said.

A number of reforms were requested from the government at the CEDRE international conference, where the international community pledged $11.8 billion for infrastructure projects. Required reforms include reducing fiscal deficit by one percent per year...

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