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وقال "The Bank stands ready to support the Lebanese people and reconstruction efforts as part of the Europe team together with its partners, the international community and all stakeholders.".
One of the sources estimated that the EIB financing would be between two and three billion euros.
On Friday, the German ambassador to Lebanon, Andreas Kindle, confirmed that a proposal to develop the port of Beirut and nearby areas will be presented next week, adding that the plan has been drawn up by several private companies that will hold talks in Beirut to present that.
No company responded "Roland Burger" The consultants that Kindle and the two diplomatic sources said were involved in developing the plan had requests for comment.
The two sources said that the political elite in Lebanon must first agree to form a new government to reform the budget and root out corruption, a condition that donors, including the International Monetary Fund, insist on implementing before releasing billions of dollars. in aid.
One of the sources said "This plan will not come without conditions … Germany and France first want to see an existing government committed to implementing reforms. There is no other way than that and this is good for Lebanon.".
Kendall added that the Lebanese authorities can only restore confidence and attract investor support through the implementation of effective reforms.
Eight months after the port disaster, many Lebanese who lost their families, homes and businesses are still awaiting the results of the investigation into the causes of the explosion. Lebanon is on the brink of collapse as shoppers move goods, protesters block roads and businesses close their doors.
Foreign donors said the new government should have a strict mandate to implement economic reforms, including central bank scrutiny and power sector reform.
Meanwhile, Prime Minister-designate Saad Hariri and President Michel Aoun have been unable to agree on the formation of a cabinet, and the interim government, which resigned after the explosion, continues to carry out its duties.
The International Monetary Fund said there had been no discussions about the programs with Lebanese officials and that it had only provided technical assistance to the Finance Ministry and some state-owned companies.
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Last August, the chemical explosion in the port of Beirut killed 200 people, injured thousands and destroyed entire neighborhoods in the Lebanese capital, plunging the country into its worst political and economic crisis since the civil war that broke out between 1975 and 1975. 1990.
According to two diplomatic sources familiar with the plan, Germany and France seek to lead the reconstruction efforts.
On April 7, they said, Berlin will present a proposal that the European Investment Bank agreed to help finance, according to which the area would be evacuated and facilities rebuilt.
A bank spokesperson said the bank is aware of the proposal put forward by the Port of Hamburg and its advisory team to rebuild the Port of Beirut and its surroundings.
“But at this time there is no proposal for financing from the European Investment Bank. Any financing from the bank will be subject to technical examination requirements and will follow the bank’s normal procedures in such operations,” he added.
He stated that the financing must also comply with the bank’s procurement guidelines and environmental and social standards.
“The bank stands ready to support the Lebanese people and reconstruction efforts as part of the Europe team, together with its partners, the international community and all stakeholders,” he said.
One of the sources estimated that the EIB financing would be between two and three billion euros.
On Friday, the German ambassador to Lebanon, Andreas Kindle, confirmed that a proposal to develop the port of Beirut and nearby areas will be presented next week, adding that the plan has been drawn up by several private companies that will hold talks in Beirut to present that.
Consulting firm Roland Burger, which Kindle and the two diplomatic sources said was involved in developing the plan, did not immediately respond to requests for comment.
The two sources said that the political elite in Lebanon must first agree to form a new government to reform the budget and root out corruption, a condition that donors, including the International Monetary Fund, insist on implementing before releasing billions of dollars. in aid.
“This plan will not come without conditions … Germany and France first want to see a government committed to implementing reforms. There is no other way than that and this is good for Lebanon,” said one of the sources.
Kendall added that the Lebanese authorities can only restore confidence and attract investor support through the implementation of effective reforms.
Eight months after the port disaster, many Lebanese who lost their families, homes and businesses are still awaiting the results of the investigation into the causes of the explosion. Lebanon is on the brink of collapse as shoppers move goods, protesters block roads and businesses close their doors.
Foreign donors said the new government should have a strict mandate to implement economic reforms, including central bank scrutiny and power sector reform.
Meanwhile, Prime Minister-designate Saad Hariri and President Michel Aoun have been unable to agree on the formation of a cabinet, and the interim government, which resigned after the explosion, continues to perform its duties.
The International Monetary Fund said there had been no discussions about the programs with Lebanese officials and that it had only provided technical assistance to the Finance Ministry and some state-owned companies.
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