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FinancialNews


  • 30-12-18

    Lebanon under risk of losing USD11b CEDRE loans

    (MENAFN) Lebanon is under the risk of losing the USD11 billion worth of loans granted in the CEDRE conference for the country to reform its infrastructure.

    The statement was made by Lebanese Caretaker Economy Minister Raed Khoury during an exclusive interview with Elnashra online newspaper

    The Lebanese minister warned that "if we continue without a government and we fail to start very soon with reforms needed to qualify for CEDRE, we will lose the 11 billion U.S. dollars."

    The international community, Khoury added, is committed in its support to Lebanese in exchange of executing its pledged reforms, such as public finances revamps.

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