Signature(s)
Summary sheet
Bank Audi, BankMed, Banque Libano-Francaise, Byblos Bank, Fransabank
The credit line is aimed at the partial financing of long-term investments undertaken by private sector small and medium sized enterprises (SMEs) in all eligible sectors of the Lebanese economy.
Small and medium sized enterprises are the main source of private sector growth in Lebanon, and supporting them and the development of local financial markets are priority activities under the European Neighbour and Partnership Countries Mandate. The proposed line of credit will improve the availability of long-term funding to a spectrum of final beneficiaries in a number of eligible sectors.
All investments financed from the resources made available by the Bank through credit line operations are required to comply with the relevant national legal framework and be acceptable to the Bank, in environmental terms in line, as appropriate, with EU environmental policy and legislation.
The Bank’s standard procurement guidelines for Global Loans will apply.