The European Bank for Reconstruction and Development and Bank Audi partner for first green finance project in Lebanon

09-11-2018
Samir Hanna of Bank Audi, Gretchen Biery of EBRD, Ismael Mae of TaiwanICDF
Samir Hanna of Bank Audi, Gretchen Biery of EBRD, Ismael Mae of TaiwanICDF
Copyright: EBRD

Strengthening sustainable energy in Lebanon, the EBRD and Bank Audi, the largest bank in Lebanon, are joining forces by providing US$ 100 million each for green projects. This includes the first loan under the EBRD’s Green Economy Financing Facility (GEFF) for the country.

The programme addresses critical issues for Lebanon’s sustainable development, such as diversifying energy supply, reducing the use of limited natural resources such as energy and water, and improving energy efficiency, thus decreasing pollution levels, conserving resources and contributing to a better environment.

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Press release