Lebanon is advancing efforts to tackle its energy and water crises by activating two major loans from the World Bank. Finance Minister Yassine Jaber announced that the Council of Ministers has approved Decree No. 217, tied to a $250 million loan to develop renewable energy and strengthen the national power grid. The project, prepared on an urgent basis, has been referred to Parliament for fast-track review and voting.
Simultaneously, a second loan worth $256 million has been authorized to support improvements in Lebanon’s water sector. A separate draft law will be submitted to Parliament for approval under expedited legislative procedures.
In related infrastructure developments, Minister Jaber met with Public Works and Transport Minister Fayez Rasamny to discuss enhancing operations at the Port of Beirut, including the procurement of new equipment to modernize port activities.
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