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Chinese Loan Repayment

The Lebanese Council of Ministers has approved to mandate the Investment Development Authority of Lebanon – IDAL to repay the Chinese loan through Lebanese exports by virtue of its resolution no 86 dated 31/10/2012.

 

In this regard, an MOU has been signed between IDAL and the China National Complete Plant Import & Export Corporation (Group) known as the “COMPLANT” to coordinate the repayment of the loan. Copies of the MOU were equally shared with the Lebanese Central Bank (BDL) and the China Development Bank (CDB) to consolidate cooperation between all parties.

 

The parties agreed to proceed with the payment of the Chinese loan through Lebanese products which are:

  • Olive Oil
  • Wine
  • Canned and dried fruits, fruit Jam
  • Dried Nuts

 

IDAL is now ready to proceed with all the procedures that were agreed within the MOU and the mechanism negotiated with all parties.

 

To download the MOU, please click here.

Get in Touch
Lazarieh Tower, 4th Floor, Emir Bechir Street, Riad El-Solh Beirut, Lebanon, P.O.Box 113-7251
Phone
+961 1 983306 / 7 / 8
Fax
+961 1 983302 /3