Lebanon becomes European Bank for Reconstruction and Development shareholder

By bne IntelliNews July 18, 2017

Lebanon has become the fifth member country from the Southern and Eastern Mediterranean (SEMED) region to join the European Bank for Reconstruction and Development (EBRD), becoming a shareholder with a view towards benefiting from the bank’s investments and advisory services.

The next step would be for Lebanon to become a full country of operations for the EBRD. This would open the door for the bank to provide support for its areas of focus: private sector competitiveness, promoting a sustainable supply of energy, and enhancing the quality and efficiency of public service delivery.

Since it began operations in 2012 in the four SEMED countries of operation Egypt, Tunisia, Morocco and Jordan, EBRD has invested €5.2bn in 130 projects in natural resources, financial institutions, agribusiness, manufacturing and services, as well as infrastructure projects such as power, municipal water and wastewater and upgrading transport services.

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