Signature(s)
Summary sheet
Bank of Beirut, Crédit Libanais, IBL Bank
The proposed credit line facility is aimed at the partial financing of small and medium-sized investment projects targeting one of the sectors described below, undertaken by private enterprises.
Private enterprises contribute heavily to the economic growth in Lebanon. Supporting them and the development of local financial markets are priority activities under the ENP-MED 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 be applied.