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  • 02-04-19

    Lebanon needs investments: EBRD

    (MENAFN) Lebanon ought to urgently receive investments this year, emphasized the European Bank for Reconstruction and Development (EBRD).

    EBRD first vice president Jurgen Rigterink made the call in Lebanon while speaking to Minister Ali Hassan Khalil to address bilateral projects.

    "We want to accelerate our investments for this year ... but there is a great need for urgent reforms in Lebanon, especially in the public finance and electricity sectors," the first vice president stressed.

    Rigterink added "we think that with the new Lebanese government, the country is ready to take these reform measures."

    Lebanon's minister is likely to deliver a draft budget to the council of ministers in the short term before heading to parliament for voting.

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