Largest Leasing Company Lebanon Gets 7M Dollar IFC Loan To Support Clean Energy

International Finance Corporation, a member of the World Bank Group, provided a $7 million loan to the Lebanese Leasing Company SAL, the leasing arm of Fransabank Group. The loan will help Lebanon’s largest leasing company provide lending to businesses to boost the adoption of energy-efficient technology, thus contributing to climate change mitigation, according to a statement by the bank.The loan includes $3.5 million from IFC’s own account and another $3.5 million from the IFC-Canada Climate Change Program. This is the third IFC loan for Sustainable Energy Finance, after two loans for $10 million to Fransabank and $3 million to LLC, both granted in May 2014 and fully utilized. Read Full Article

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